Salome sells CSTE 31.61: Barclays lowered Caesarstone Sdot-Yam from an overweight rating to an equal weight rating in a research note on Wednesday.

Analysts anticipate that Caesarstone Sdot-Yam will post $2.40 EPS for the current fiscal year. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.04. The business earned $127.50 million during the quarter, compared to the consensus estimate of $134.22 million. Caesarstone Sdot-Yam Ltd. is engaged in the manufacturing of engineered quartz surfaces. Equities research analysts expect that Caesarstone Sdot-Yam will post $2.42 earnings per share for the current year. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $127.50 million for the quarter, compared to analyst estimates of $134.22 million.


Meggan:
Its products consist of engineered quartz slabs, which are primarily used as kitchen countertops, vanity tops, wall panels, back splashes, floor tiles, stairs and other interior surfaces.

Gay:
A number of research firms recently commented on CSTE.

Sandra:
The firm earned $127.50 million during the quarter, compared to analyst estimates of $134.22 million.

Domitila:
The Motley Fool recommends Caesarstone.

Bethel:
A pullback in the stock is nothing to panic about for long-term investors.

Arlette:
Remember that the stock is up 35% over the past year, so expectations may have gotten ahead of performance.

Carroll:
All in all, the company is performing well, even though it didn't hit expectations today.

Tarah:
Improving gross margins and lower operating and financing costs, which drove the bottom line higher, offset the top-line disappointment.

Jamee:
Not surprisingly, that's well below the $521.5 million projection analysts had set.

Bess:
For the full year, management lowered revenue guidance from $515 million-$525 million to a range of $495 million-$505 million.

Caesarstone Sdot-Yam Ltd. (NASDAQ:CSTE)
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