- United States
Caesarstone Full Year 2022 Earnings: EPS Misses Expectations
Caesarstone (NASDAQ:CSTE) Full Year 2022 Results
Key Financial Results
- Revenue: US$690.8m (up 7.3% from FY 2021).
- Net loss: US$57.3m (down by 426% from US$17.6m profit in FY 2021).
- US$1.66 loss per share (down from US$0.51 profit in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Caesarstone EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 3.2% growth forecast for the Building industry in the US.
Performance of the American Building industry.
The company's shares are down 15% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Caesarstone's balance sheet and an in-depth analysis of the company's financial position.
Valuation is complex, but we're helping make it simple.
Find out whether Caesarstone is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free Analysis
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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.
Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered quartz and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, New Zealand, Asia, Israel, Europe, the Middle East, and Africa.
Undervalued with moderate growth potential.