The 10-second takeaway
For the quarter ended March 31 (Q1), CaesarStone Sdot-Yam beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
CaesarStone Sdot-Yam booked revenue of $76.4 million. The two analysts polled by S&P Capital IQ anticipated net sales of $74.0 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $67.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.32. The four earnings estimates compiled by S&P Capital IQ averaged $0.27 per share. Non-GAAP EPS of $0.32 for Q1 were 19% higher than the prior-year quarter's $0.27 per share. GAAP EPS of $0.30 for Q1 were 67% higher than the prior-year quarter's $0.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 44.9%, 120 basis points better than the prior-year quarter. Operating margin was 17.2%, 470 basis points better than the prior-year quarter. Net margin was 13.8%, 660 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $84.5 million. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $335.3 million. The average EPS estimate is $1.57.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 13 members out of 13 rating the stock outperform, and members rating it underperform. Among four CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give CaesarStone Sdot-Yam a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CaesarStone Sdot-Yam is outperform, with an average price target of $25.20.
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