Building envelope solutions provider Carlisle Companies (NYSE: CSL) will be reporting results this Wednesday after market hours. Here’s what investors should know.
Carlisle missed analysts’ revenue expectations by 3.2% last quarter, reporting revenues of $1.45 billion, flat year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EBITDA estimates.
Is Carlisle a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Carlisle’s revenue to be flat year on year at $1.33 billion, slowing from the 5.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $5.36 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 four times over the last two years.
Looking at Carlisle’s peers in the building products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Valmont delivered year-on-year revenue growth of 2.5%, beating analysts’ expectations by 1.5%, and Apogee reported revenues up 4.6%, topping estimates by 2.1%. Valmont traded down 1.8% following the results while Apogee was also down 4.5%.
Read our full analysis of Valmont’s results here and Apogee’s results here.
There has been positive sentiment among investors in the building products segment, with share prices up 3.8% on average over the last month. Carlisle is up 1.4% during the same time and is heading into earnings with an average analyst price target of $377.63 (compared to the current share price of $338.59).
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