Carlisle Earnings: What To Look For From CSL

Building envelope solutions provider Carlisle Companies (NYSE:CSL) will be announcing earnings results tomorrow afternoon. Here’s what investors should know.

Carlisle missed analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $1.12 billion, flat year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA and organic revenue 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 be flat year on year at $1.09 billion, slowing from the 22.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.42 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 Q1 results, giving us a hint as to what we can expect. Valmont posted flat year-on-year revenue, missing analysts’ expectations by 0.6%, and Insteel reported revenues up 26.1%, topping estimates by 7.2%. Insteel traded up 13.9% following the results.

Read our full analysis of Valmont’s results here and Insteel’s results here.

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