Caesarstone (CSTE) Tops Q4 EPS by 5c

Caesarstone (NASDAQ: CSTE) reported Q4 EPS of $0.05, $0.05 better than the analyst estimate of $0.00. Revenue for the quarter came in at $136.9 million versus the consensus estimate of $102.55 million.

Outlook

The Company anticipates 2021 revenue and Adjusted EBITDA to be higher year-over-year. The company anticipates revenue to grow faster than EBITDA in 2021 mainly due to headwinds from higher shipping and raw material costs, coupled with a return to more normalized levels of sales and marketing expenses and other investments to support the Company’s growth initiatives. The Company’s outlook includes the investment costs associated with its Global Growth Acceleration Plan. The Company’s outlook also assumes the pandemic related business restrictions will fade as the year progresses.

For earnings history and earnings-related data on Caesarstone (CSTE) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• AeroVironment restates quarterly financials, citing $89M goodwill error
• JPMorgan Starts ICICI Prudential Asset Management (ICICIAMC:IN) at Overweight