Caesarstone CSTE is set to give its latest quarterly earnings report on Wednesday, 2024-11-13. Here's what investors need to know before the announcement.
Analysts estimate that Caesarstone will report an earnings per share (EPS) of $-0.17.
Caesarstone bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings History Snapshot
During the last quarter, the company reported an EPS missed by $0.00, leading to a 1.65% drop in the share price on the subsequent day.
Here's a look at Caesarstone's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.14 | -0.16 | -0.17 | -0.16 |
| EPS Actual | -0.14 | -0.13 | -0.28 | -0.20 |
| Price Change % | -2.0% | 0.0% | -3.0% | -3.0% |
Caesarstone Share Price Analysis
Shares of Caesarstone were trading at $4.33 as of November 11. Over the last 52-week period, shares are down 0.72%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for Caesarstone visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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