Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
Caesarstone Sdot-Yam Ltd Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.52% to $0.32 in the quarter versus EPS of $0.27 in the year-earlier quarter.
Revenue: Rose 13.5% to $76.44 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.27. It beat the average revenue estimate of $74.03 million.
Quoting Management: Yosef Shiran, Chief Executive Officer, commented, “We are pleased to have begun the year with a good first quarter. Our growth in North America continues to be strong and we are excited to build our presence into the fast-growing U.S. and Canadian markets as they embrace quartz as a superior material. We are also pleased to see growth in sales and margins following a strong global response to our innovative Super-Naturals product line.”
Key Stats (on next page)…
Revenue increased 0.29% from $76.22 million in the previous quarter. EPS increased 0% from $0.32 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.39 to a profit $0.4. For the current year, the average estimate is a profit of $1.52, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)