Building envelope solutions provider Carlisle Companies (NYSE: CSL) will be announcing earnings results this Wednesday after market hours. Here’s what to expect.
Carlisle beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $1.10 billion, flat year on year. It was a strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a decent beat of analysts’ EPS 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 3.2% year on year to $1.50 billion, slowing from the 11% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $6.64 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 3 downward revisions over the last 30 days (we track 7 analysts). Carlisle has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Carlisle’s peers in the building materials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Valmont delivered year-on-year revenue growth of 1%, beating analysts’ expectations by 1.7%, and Sherwin-Williams reported flat revenue, in line with consensus estimates. Valmont traded up 7.9% following the results while Sherwin-Williams’s stock price was unchanged.
Read our full analysis of Valmont’s results here and Sherwin-Williams’s results here.
There has been positive sentiment among investors in the building materials segment, with share prices up 6.5% on average over the last month. Carlisle is up 14.5% during the same time and is heading into earnings with an average analyst price target of $449.29 (compared to the current share price of $427.56).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
