Pet company Central Garden & Pet (NASDAQGS:CENT) will be reporting earnings tomorrow after market hours. Here's what you need to know.
Last quarter Central Garden & Pet reported revenues of $750.1 million, up 6% year on year, beating analyst revenue expectations by 2.1%. It was a weak quarter for the company, with underwhelming earnings guidance for the full year and a miss of analysts' operating margin estimates.
Is Central Garden & Pet buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Central Garden & Pet's revenue to decline 1.7% year on year to $617 million, improvement on the 5.1% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.17 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Central Garden & Pet's peers in the household products segment, some of them have already reported Q1 earnings results, giving us a hint what we can expect. Church & Dwight delivered top-line growth of 6.4% year on year, beating analyst estimates by 1.1% and Colgate-Palmolive (NYSE:CL) reported revenues up 6.9% year on year, exceeding estimates by 1.4%. Both companies (Church & Dwight and Colgate-Palmolive) traded flat on the results.
Read the full analysis of Church & Dwight's and Colgate-Palmolive's results on StockStory.
Investors in the household products segment have had steady hands going into the earnings, with the stocks down on average 1.5% over the last month. Central Garden & Pet is down 5.4% during the same time, and is heading into the earnings with analyst price target of $47.4, compared to share price of $46.4.
The author has no position in any of the stocks mentioned.
