Central Garden & Pet Co reports results for the quarter ended in January - Earnings Summary

Central Garden & Pet

07/08/2024 22:02

* Central Garden & Pet Co  CENT.OQ  reported quarterly
adjusted
earnings of $1.32​​ per share for the quarter ended in January,
lower than the same quarter last year, when the company reported
EPS of $1.75.  The mean expectation of six analysts for the
quarter was for earnings of $1.21 per share. Wall Street
expected results to range from $1.15  to $1.31 per share.
    * Revenue fell 2.6% to $996.35 million from a year ago;
analysts
expected $1.00 billion. 
    * Central Garden & Pet Co's reported EPS for the quarter was
$1.19​.
    * The company reported quarterly net income of $79.72
million.
    * Central Garden & Pet Co shares had fallen by 0.5% this
quarter and lost 2.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Central Garden &
Pet Co is $49.00 
This summary was machine generated from LSEG data August 7 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.21           1.32           Beat
 Mar. 31 2024                     0.99           
 Dec. 31 2023      -0.17          0.01           Beat
 Sep. 30 2023      0.07           0.05           Missed