Will Central Garden & Pet Beat Earnings? Here's What the Street Expects

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

Household products company Central Garden & Pet (NASDAQ:CENT) will be reporting its third-quarter earnings on Thursday, November 18th. Here's a look at what to expect.

Central Garden & Pet missed analysts’ revenue expectations in the last quarter, posting a 2.6% year-over-year decline to $996.3 million. However, 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? Our analysts have covered the stock, and you can find the full analysis here, it's free.

This quarter, analysts are expecting Central Garden & Pet's revenue to decline 5.2% year-over-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.

There have been no material changes to analysts' revenue or EPS estimates for Central Garden & Pet in the last 30 days. This indicates that analysts покрили the company's performance and believe that its upcoming earnings will largely be in line with prior expectations. Notably, Central Garden & Pet has missed Wall Street's revenue estimates three times over the last two years.

Among household products peers that have already reported their Q3 results, Clorox (NYSE:CLX) delivered a 27.1% year-over-year increase in revenue, beating analysts' expectations by 7.6%. Church & Dwight (NYSE:CHD) reported a 3.8% increase in revenue, exceeding analysts' estimates by 1%. Clorox shares closed up 1.2% following the results, while Church & Dwight shares were also up 3.1%.

Here's our full analysis of Clorox's results and Church & Dwight's results.

There has been positive momentum in the household products segment, with an average 3.8% increase in household products company share prices in the last month. Central Garden & Pet shares are up 12.9% during the same period and are heading into earnings with an average analyst price target of $42 (versus a current price of $38.68).

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