Central Garden & Pet Company has turned towards a multi-year revenue decline. The recent Q3 report still showed significant weakness without a sales turnaround in sight. The Cost and Simplicity program is improving efficiency, boosting CENTA's margins to a new high despite slow sales. Yet, sales growth remains critical over the long term. I estimate CENTA stock to have a fair value of $38.1.
Central Garden (CENTA) came out with quarterly earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.32 per share a year ago.
Central Garden (CENTA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here is how Central Garden (CENTA) and Dunelm Group (DNLMY) have performed compared to their sector so far this year.
Central Garden (CENTA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Central Garden (CENTA) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.99 per share a year ago.
Central Garden (CENTA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Central Garden (CENTA) possesses solid growth attributes, which could help it handily outperform the market.
The mean of analysts' price targets for Central Garden (CENTA) points to a 29.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The consensus price target hints at a 34.7% upside potential for Central Garden (CENTA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Central Garden (CENTA) possesses solid growth attributes, which could help it handily outperform the market.