Building envelope solutions provider Carlisle Companies (NYSE: CSL) will be announcing earnings results this Thursday afternoon. Here’s what investors should know.
Carlisle beat analysts’ revenue expectations last quarter, reporting revenues of $1.13 billion, flat year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a solid beat 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, the market is expecting Carlisle’s revenue to decline 2.9% year on year, a deceleration from its flat revenue in the same quarter last year.
Heading into earnings, analysts covering the company have mixed opinions about the business, with revenue estimates seeing both upward and downward revisions over the last 30 days. Carlisle has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Carlisle’s peers in the building products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Valmont delivered year-on-year revenue growth of 6.2%, beating analysts’ expectations by 3%, and Zurn Elkay reported revenues up 11.4%, topping estimates by 3.2%.
Read our full analysis of Valmont’s results here and Zurn Elkay’s results here.
There has been positive sentiment among investors in the building products segment, with share prices up 11.2% on average over the last month. Carlisle is up 6.1% during the same time and is heading into earnings with an average analyst price target of $386.14 (compared to the current share price of $357.59).
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