Zacks Research Lowers Q1 2025 Earnings Estimates for Central Garden & Pet

Central Garden & Pet (NASDAQ:CENT) has seen a recent adjustment in their Q1 2025 earnings per share estimates by Zacks Research. The company is now expected to post earnings of $0.01 per share for the quarter, down from the previous forecast of $0.02. This news comes after Central Garden & Pet reported earnings of $0.99 per share for the quarter ending on May 8th, beating analysts’ consensus estimates.

Several research firms have also issued reports on CENT, with some lifting their target prices and giving the company a “buy” or “strong buy” rating. The company’s stock has been trading down 1.8%, opening at $45.35 on Thursday.

In terms of institutional trading, hedge funds have been modifying their holdings of Central Garden & Pet stock. Insider activity has also been notable, with insider John D. Walker III selling shares of the company’s stock.

Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. The company operates through two segments: Pet and Garden. With a market capitalization of $3.05 billion, Central Garden & Pet continues to be a key player in the industry.

Overall, Central Garden & Pet has been making waves in the market with adjustments in earnings estimates, positive analyst ratings, and notable insider activity. Investors and analysts will be keeping a close eye on the company’s performance in the coming quarters.