Caesarstone Q2 2024 Adj. EPS $(0.14), Inline, Sales $119.432M Miss $124.823M Estimate
Portfolio Pulse from Benzinga Newsdesk
Caesarstone (NASDAQ:CSTE) reported Q2 2024 adjusted EPS of $(0.14), which met analyst expectations, but sales of $119.432 million missed the $124.823 million estimate. The EPS loss improved significantly from $(0.69) last year, but sales decreased by 16.88% year-over-year.
August 07, 2024 | 11:09 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Caesarstone's Q2 2024 earnings per share met expectations, but sales missed estimates by 4.32%. The EPS loss improved significantly from last year, but sales saw a notable decline of 16.88% year-over-year.
While the EPS loss improved significantly, the miss on sales and the year-over-year decline in revenue are likely to weigh on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100