Yahoo Finance Caesarstone First Quarter 2024 Earnings: US$0.15 loss per share (vs US$0.11 loss in 1Q 2023)
Caesarstone (NASDAQ:CSTE) First Quarter 2024 Results
Key Financial Results
Revenue: US$118.3m (down 22% from 1Q 2023).
Net loss: US$5.09m (loss widened by 35% from 1Q 2023).
US$0.15 loss per share (further deteriorated from US$0.11 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Caesarstone Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 5.3% growth forecast for the Building industry in the US.
Performance of the American Building industry.
The company's shares are down 7.0% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Caesarstone that we have uncovered.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
