Pet company Central Garden & Pet (NASDAQGS:CENT) will be reporting earnings tomorrow afternoon. Here's what to expect.

Central Garden & Pet beat analysts' revenue expectations by 1.4% last quarter, reporting revenues of $900.1 million, flat year on year. It was a strong quarter for the company, with an impressive beat of analysts' organic revenue growth estimates and a solid beat of analysts' earnings estimates.

Is Central Garden & Pet a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Central Garden & Pet's revenue to decline 2.3% year on year to $999.8 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.15 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Central Garden & Pet has missed Wall Street's revenue estimates twice over the last two years.

Looking at Central Garden & Pet's peers in the household products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Clorox's revenues decreased 5.7% year on year, missing analysts' expectations by 2.4%, and Colgate-Palmolive reported revenues up 4.9%, topping estimates by 1.1%. Clorox traded up 7.5% following the results while Colgate-Palmolive was also up 4.5%.

Read our full analysis of Clorox's results here and Colgate-Palmolive's results here.

Investors in the household products segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Central Garden & Pet is down 1.4% during the same time and is heading into earnings with an average analyst price target of $42 (compared to the current share price of $36.97).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.