Caesarstone: Q2 Earnings Insights

Shares of Caesarstone CSTE fell 1.3% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 143.48% over the past year to ($0.10), which beat the estimate of ($0.18).

Revenue of $99,037,000 declined by 29.80% from the same period last year, which missed the estimate of $102,550,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Caesarstone hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Aug 05, 2020

Time: 08:30 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=140674

Price Action

52-week high: $17.85

52-week low: $7.65

Price action over last quarter: Up 8.70%

Company Description

Caesarstone Ltd manufactures engineered quartz surfaces. The company's products are quartz slabs, which are used as kitchen countertops in the renovation and remodeling, and residential construction end markets, as well as other applications, including vanity tops, wall panels, back splashes, floor tiles, stair, and other interior surfaces that are used in various residential and non-residential applications. Its products are sold under Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. Geographically, it derives a majority of revenue from the United States.