Central Garden & Pet Company ($CENT) 4Q20 Earnings Preview

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Central Garden & Pet Company (NASDAQ:CENT) is expected to report fourth quarter earnings results, after market close, on Monday 23rd November 2020.

Analysts polled by Thomson Reuters anticipate fourth quarter loss of $ 0.06 per share.

Looking ahead, the full year income are expected at $ 1.93 per share on the revenues of $ 2614.00 million.

Previous Quarter Performance

Central Garden & Pet Company disclosed income for the third quarter of $ 1.32 per share, from the revenue of $ 833.48 million. The consensus estimates are income of $ 0.80 per share from $ 724.05 million in revenue. The bottom line results beat street analysts by $ 0.52 or 65.00 percent, at the same time, top line results outshined analysts by $ 109.43 million or 15.11 percent.

Stock Performance

Shares of Central Garden & Pet Company traded up $ 0.44 or 1.08 percent on Friday, reaching $ 41.18 with volume of 93.80 thousand shares. Central Garden & Pet Company has traded high as $ 41.38 and has cracked $ 40.14 on the downward trend

According to the previous trading day, closing price of $ 41.18, representing a 71.03 % increase from the 52 week low of $ 23.82 and a 9.06 % decrease over the 52 week high of $ 44.80.

The company has a market capital of $ 2.09 billion and is part of the Consumer Defensive sector and Packaged Foods industry.

Conference Call

Central Garden & Pet Company will be hosting a conference call at 4:30 PM eastern time on 23rd November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, +1 (201) 689-8345 U.S., with passcode : 13711013 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.central.com

Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.