Core Viewpoint - Central Garden (CENTA) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Company Performance - Central Garden has a solid track record of surpassing earnings estimates, particularly in the last two quarters, with an average surprise of 13.53% [2]. - In the last reported quarter, the company achieved earnings of $1.56 per share, exceeding the Zacks Consensus Estimate of $1.34 per share by 16.42%. In the previous quarter, it reported earnings of $1.04 per share against an expectation of $0.94 per share, resulting in a surprise of 10.64% [3]. Earnings Estimates - Recent favorable changes in earnings estimates for Central Garden indicate a positive outlook, with a Zacks Earnings ESP (Expected Surprise Prediction) of +6.56%, suggesting analysts are optimistic about the company's earnings prospects [6][9]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing that such combinations lead to positive surprises nearly 70% of the time [7][9]. Earnings ESP Explanation - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may provide a more accurate prediction of earnings [8].
Why Central Garden (CENTA) Could Beat Earnings Estimates Again