Caesarstone Ltd reports results for the quarter ended in March - Earnings Summary

• Caesarstone Ltd CSTE reported a quarterly adjusted loss of 13 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -17 cents. The lone analyst forecast for the quarter was for a loss of 16 cents per share.

• Revenue fell 21.5% to $118.29 million from a year ago; analysts expected $126.70 million.

• Caesarstone Ltd's reported EPS for the quarter was a loss of 15 cents​.

• The company reported a quarterly loss of $5.09 million.

• Caesarstone Ltd shares had risen by 61.6% this quarter and gained 76.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 32.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the construction supplies & fixtures peer group is "hold."

Wall Street's median 12-month price target for Caesarstone Ltd is $5.50

This summary was machine generated from LSEG data May 8 at 02:23 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)