Central Garden & Pet CENT reported its Q2 earnings results on Wednesday, May 3, 2023 at 04:02 PM.
Here's what investors need to know about the announcement.
Earnings
Central Garden & Pet missed estimated earnings by 4.26%, reporting an EPS of $0.9 versus an estimate of $0.94.
Revenue was down $45.37 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 0.91% increase in the share price the next day.
Here's a look at Central Garden & Pet's past performance:
Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
---|---|---|---|---|
EPS Estimate | -0.17 | 0.01 | 1.27 | 1.20 |
EPS Actual | -0.16 | -0.04 | 1.39 | 1.27 |
Revenue Estimate | 620.30M | 719.67M | 997.93M | 935.00M |
Revenue Actual | 627.66M | 707.44M | 1.01B | 954.37M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Central Garden & Pet management provided guidance for Q2 2023, expecting earnings between $0.9 and $0.9 per share.
To track all earnings releases for Central Garden & Pet visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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