Caesarstone (CSTE) Set to Announce Earnings on Wednesday

Caesarstone (NASDAQ:CSTE) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, August 7th. Analysts expect Caesarstone to post earnings of ($0.13) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Caesarstone (NASDAQ:CSTE) last issued its quarterly earnings data on Wednesday, May 8th. The construction company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.03. Caesarstone had a negative return on equity of 13.29% and a negative net margin of 20.45%. The business had revenue of $118.29 million for the quarter, compared to the consensus estimate of $126.70 million. On average, analysts expect Caesarstone to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Caesarstone Price Performance

Shares of NASDAQ:CSTE opened at $6.12 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 2.79. Caesarstone has a 52-week low of $3.50 and a 52-week high of $6.81. The stock’s fifty day simple moving average is $5.50 and its 200-day simple moving average is $5.02.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Caesarstone from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th.

About Caesarstone

Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered stone and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel. The company's engineered stone slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling, and residential construction sectors.