Core Viewpoint - Central Garden (CENTA) is expected to report a year-over-year increase in earnings despite a slight decline in revenues, with the market closely watching how actual results compare to estimates [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to show quarterly earnings of $1.34 per share, reflecting a +1.5% change year-over-year, while revenues are projected at $987.14 million, down 0.9% from the previous year [3]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +6.98% for Central Garden, suggesting analysts have recently become more optimistic about the company's earnings prospects [11]. - The stock holds a Zacks Rank of 1 (Strong Buy), which, when combined with a positive Earnings ESP, historically leads to a nearly 70% chance of an earnings beat [9]. Historical Performance - In the last reported quarter, Central Garden exceeded expectations by delivering earnings of $1.04 per share against an expected $0.94, resulting in a surprise of +10.64% [12]. - The company has successfully beaten consensus EPS estimates in all of the last four quarters [13]. Conclusion - Central Garden is positioned as a strong candidate for an earnings beat, but investors should consider additional factors beyond earnings results when making investment decisions [16].
Central Garden (CENTA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release