Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of CaesarStone (NASDAQ: CSTE ) jumped as much as 13% today after releasing earnings.
So what: Fourth-quarter revenue was up 12.6% to $76.2 million, and net income nearly doubled to $10.8 million, or $0.31 per share. Analysts expected revenue of only $73.2 million and earnings of $0.30 per share.
Now what: Even better than last quarter's earnings were the company's guidance of revenue of $330 million to $340 million next year. Analysts expected only $327 million in revenue next year, so the company is expected to easily outpace expectations. Shares now trade at 14 times next year's earnings estimates, and at that price I think there's still upside in shares going forward.
Interested in more info on CaesarStone? Add it to your watchlist by clicking here.