Yahoo Finance Carlisle (CSL) Reports Earnings Tomorrow: What To Expect
Building envelope solutions provider Carlisle Companies (NYSE:CSL) will be reporting earnings tomorrow after market close. Here's what you need to know.
Carlisle beat analysts' revenue expectations by 10.1% last quarter, reporting revenues of $1.10 billion, up 22.8% year on year. It was an incredible quarter for the company, with an impressive beat of analysts' organic revenue and earnings 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 decline 4.9% year on year to $1.45 billion, improving from the 14% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $6.02 per share.
Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 4 upward revisions over the last 30 days. 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 Q2 results, giving us a hint as to what we can expect. Apogee's revenues decreased 8.3% year on year, meeting analysts' expectations, and Simpson reported flat revenue, falling short of estimates by 1.8%. Apogee traded up 6.6% following the results.
Read our full analysis of Apogee's results here and Simpson's results here.
There has been positive sentiment among investors in the building products segment, with share prices up 6.5% on average over the last month. Carlisle's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $442.9 (compared to the current share price of $427.37).
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