Financial News

Central Garden & Pet (CENT) Reports Earnings Tomorrow: What To Expect

CENT Cover Image

Pet company Central Garden & Pet (NASDAQ:CENT) will be reporting earnings tomorrow afternoon. Here’s what you need to know.

Central Garden & Pet met analysts’ revenue expectations last quarter, reporting revenues of $996.3 million, down 2.6% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ organic revenue estimates but full-year EPS guidance missing analysts’ expectations.

Is Central Garden & Pet a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Central Garden & Pet’s revenue to decline 5.2% year on year to $711.2 million, a reversal from the 6% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.24 per share.

Central Garden & Pet Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Central Garden & Pet has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Central Garden & Pet’s peers in the household products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Clorox delivered year-on-year revenue growth of 27.1%, beating analysts’ expectations by 7.6%, and Church & Dwight reported revenues up 3.8%, topping estimates by 1%. Clorox traded up 1.2% following the results while Church & Dwight was also up 3.1%.

Read our full analysis of Clorox’s results here and Church & Dwight’s results here.

There has been positive sentiment among investors in the household products segment, with share prices up 3.8% on average over the last month. Central Garden & Pet is up 12.9% during the same time and is heading into earnings with an average analyst price target of $42 (compared to the current share price of $38.68).

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