Central Garden & Pet Company CENT is scheduled to release fourth-quarter fiscal 2019 results on Nov 26.
The Zacks Consensus Estimate for fiscal fourth-quarter earnings has been unchanged over the past 30 days at 17 cents per share. This suggests an increase of 70% from the year-ago period’s reported figure. The consensus mark for revenues is $518 million, indicating a rise of 3.2% from the figure reported in the year-ago quarter.
Central Garden & Pet Company Price and EPS Surprise
Central Garden & Pet Company price-eps-surprise | Central Garden & Pet Company Quote
Key Factors to Note
Central Garden & Pet has been gaining from strength in its Garden segment. This, in turn, has been benefiting from solid organic sales and contributions from buyouts. To this end, the acquisition of Arden Companies (concluded in February 2019) has been yielding results. The company also purchased C&S Products in June 2018, which contributed marginally to Pet segment sales in the third quarter of fiscal 2019. However, the segment was hurt by continued hurdles in the Animal Health business and unfavorable promotion timing. Nonetheless, the Pet segment has been benefiting from solid results at the aquatics and dog treat businesses.
The Zacks Consensus Estimate for fourth-quarter sales at the Garden and Pet segments is pegged at $172 million and $345 million, up from $163 million and $339 million reported in the year-ago period.
Apart from this, Central Garden & Pet’s margins have been gaining from the strong Garden segment, efficient pricing actions and solid cost-saving initiatives.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Central Garden & Pet this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Central Garden & Pet has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks With Favorable Combination
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
Costco COST currently has an Earnings ESP of +1.01% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Burlington Stores BURL presently has an Earnings ESP of +0.44% and a Zacks Rank #2.
Dollar General DG currently has an Earnings ESP of +0.47% and a Zacks Rank #3.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through Q3 2019, while the S&P 500 gained +39.6%, five of our strategies returned +51.8%, +57.5%, +96.9%, +119.0%, and even +158.9%.
This outperformance has not just been a recent phenomenon. From 2000 – Q3 2019, while the S&P averaged +5.6% per year, our top strategies averaged up to +54.1% per year.
">See their latest picks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Central Garden & Pet Company (CENT) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
Burlington Stores, Inc. (BURL) : Free Stock Analysis Report
Dollar General Corporation (DG) : Free Stock Analysis Report
To read this article on Zacks.com click here.