In This Article:
Caesarstone (NASDAQ:CSTE) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$107.6m (down 24% from 3Q 2023).
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Net loss: US$4.22m (loss widened by 328% from 3Q 2023).
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US$0.12 loss per share (further deteriorated from US$0.029 loss in 3Q 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 6.3% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Caesarstone that you should be aware of.
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