Central Garden & Pet Co reports results for the quarter ended June 30 - Earnings Summary

• Central Garden & Pet Co CENTA.OQ reported quarterly adjusted earnings of $1.56​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.32. The mean expectation of five analysts for the quarter was for earnings of $1.44 per share. Wall Street expected results to range from $1.31 to $1.55 per share.

• Revenue fell 3.6% to $960.91 million from a year ago; analysts expected $986.88 million.

• Central Garden & Pet Co's reported EPS for the quarter was $1.52​.

• The company reported quarterly net income of $95.01 million.

• Central Garden & Pet Co shares had risen by 14.6% this quarter and gained 8.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "hold."

• Wall Street's median 12-month price target for Central Garden & Pet Co is $42.00, about 14.9% above its last closing price of $35.74

This summary was machine generated from LSEG data August 7 at 01:08 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)