Benzinga | Aug 4, 2020 11:45AM EDT

Central Garden & Pet Earnings Preview

Central Garden & Pet (NASDAQ: CENTA) announces its next round of earnings this Wednesday, August 05. Here is Benzinga's look at Central Garden & Pet's Q3 earnings report.

Earnings and Revenue

Wall Street analysts see Central Garden & Pet reporting earnings of $0.81 per share on sales of $729.45 million. In the same quarter last year, Central Garden & Pet reported earnings per share of $0.800 on sales of $706.58 million. If the company were to match the consensus estimate when it reports Wednesday, earnings would be up 1.25%. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2019 Q3 2019EPS Estimate 0.76 -0.11 0.17 0.85EPS Actual 0.78 -0.08 0.04 0.80Revenue Estimate 705.76 M 473.33 M 521.94 M 688.81 MRevenue Actual 703.23 M 482.83 M 540.74 M 706.58 M

Stock Performance

Over the last 52-week period, shares are up 67.84%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analysts seem to have developed a neutral outlook on the upcoming earnings release in recent days versus 90 days ago. The general EPS consensus estimate since that time has moved up 6.58% while revenue estimates have moved up 3.36%.

Don't be surprised to see the stock move on comments made during its conference call. Central Garden & Pet is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://78449.themediaframe.com/dataconf/productusers/cent/mediaframe/36662/indexl.html