Is Central Garden & Pet (CENT) Stock a Solid Choice Right Now?

Only wicked pet

One stock that might be an intriguing choice for investors right now is Central Garden & Pet Company CENT. This is because this security in the Consumer Products – Discretionary space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This […]

One stock that might be an intriguing choice for investors right now is Central Garden & Pet Company CENT. This is because this security in the Consumer Products – Discretionary space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Consumer Products – Discretionary space as it currently has a Zacks Industry Rank of 54 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Central Garden & Pet is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Central Garden & Pet Company Price and Consensus

Central Garden & Pet Company price-consensus-chart | Central Garden & Pet Company Quote

In fact, over the past month, current quarter estimates have risen from 96 cents per share to $1.01 per share, while current year estimates have risen from $2.10 to $2.31 per share. This has helped CENT to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Central Garden & Pet. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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