Caesarstone (NASDAQ:CSTE) reported its Q1 earnings results on Wednesday, May 10, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Caesarstone missed estimated earnings by 1600.0%, reporting an EPS of $-0.17 versus an estimate of $-0.01.
Revenue was down $19.80 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.04 which was followed by a 1.69% increase in the share price the next day.
Here’s a look at Caesarstone’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.02 | 0.26 | 0.23 | 0.09 |
| EPS Actual | -0.02 | 0.01 | 0.20 | 0.14 |
| Revenue Estimate | 165.72M | 182.85M | 180.95M | 168.02M |
| Revenue Actual | 159.37M | 180.73M | 180.27M | 170.44M |
To track all earnings releases for Caesarstone visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
