Building envelope solutions provider Carlisle Companies (NYSE:CSL) will be announcing earnings results tomorrow after market hours. Here’s what to look for.
Carlisle missed analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $1.33 billion, up 5.9% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ organic revenue estimates and a miss of analysts’ EBITDA estimates.
Is Carlisle a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Carlisle’s revenue to grow 2.1% year on year to $1.15 billion, a reversal from the 1.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.42 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Carlisle has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Carlisle’s peers in the building products segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Sherwin-Williams posted flat year-on-year revenue, meeting analysts’ expectations, and Lennox reported revenues up 16.5%, topping estimates by 8.9%. Sherwin-Williams’s stock price was unchanged after the results, while Lennox was down 8.5%.
Read our full analysis of Sherwin-Williams’s results here and Lennox’s results here.
Investors in the building products segment have had steady hands going into earnings, with share prices flat over the last month. Carlisle is up 2% during the same time and is heading into earnings with an average analyst price target of $471.67 (compared to the current share price of $389.46).
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