Company Performance - Central Garden reported a quarterly loss of $0.18 per share, which was better than the Zacks Consensus Estimate of a loss of $0.20, compared to earnings of $0.08 per share a year ago [1] - The company posted revenues of $669.49 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 7.51%, and down from $750.15 million year-over-year [3] - Over the last four quarters, Central Garden has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [3] Earnings Surprise and Outlook - The quarterly report represents an earnings surprise of 10%, with a previous expectation of $1.25 per share, but actual earnings were $1.32, delivering a surprise of 5.60% [2] - The current consensus EPS estimate for the coming quarter is $0.05 on revenues of $640.69 million, and for the current fiscal year, it is $2.40 on revenues of $3.31 billion [9] Market Performance - Central Garden shares have lost about 3.5% since the beginning of the year, while the S&P 500 has gained 25.2% [5] - The estimate revisions trend for Central Garden is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [8] Industry Context - The Consumer Products - Discretionary industry, to which Central Garden belongs, is currently in the bottom 12% of over 250 Zacks industries, suggesting a challenging environment [10]
Central Garden (CENT) Reports Q4 Loss, Misses Revenue Estimates