Here's what Wall Street expects from Caesarstone Sdot-Yam's earnings
Earnings Report Expectations: Caesarstone Sdot-Yam is set to report quarterly earnings on August 7, with analysts predicting losses per share of $0.145, a significant improvement from the previous year's loss of $1.520 per share.
Revenue Projections: Analysts anticipate total revenues of $124.8 million for the quarter, down from $143.7 million last year, and expect annual revenues of $505.7 million compared to $565.2 million in the prior fiscal year.
Trade with 70% Backtested Accuracy
Analyst Views on CSTE
About CSTE
About the author
Caesarstone Ltd. (CSTE) Q3 2024 Earnings Call Transcript
Earnings Conference Call Overview: Caesarstone Ltd. held its Q3 2024 earnings conference call on November 13, 2024, featuring key participants including CEO Yos Shiran and CFO Nahum Trost, discussing the company's financial performance and future expectations.
Forward-Looking Statements and Financial Measures: The call included caution regarding forward-looking statements and referenced non-GAAP financial measures, with details available in the company's earnings release on their Investor Relations website.
Caesarstone Reports Third Quarter 2024 Financial Results
Financial Performance: Caesarstone Ltd. reported a significant decline in revenue for Q3 2024, totaling $107.6 million, down from $142.4 million in the previous year, attributed to lower demand and competitive pressures amid global economic challenges. Despite this, the company achieved a gross margin improvement to 19.9% and maintained positive cash flow from operations.
Outlook and Restructuring: The company is focused on restructuring efforts aimed at achieving approximately $20 million in cost savings for 2024, while also investing in product innovation and marketing to stimulate demand. However, it anticipates an Adjusted EBITDA loss of $10 to $11 million for the full year due to ongoing macroeconomic pressures.
