Carlisle (CSL) Q3 Earnings Report Preview: What To Look For

CSL Cover Image
Carlisle (CSL) Q3 Earnings Report Preview: What To Look For

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Building envelope solutions provider Carlisle Companies (NYSE:CSL) will be reporting earnings tomorrow after the bell. Here’s what to expect.

Carlisle met analysts’ revenue expectations last quarter, reporting revenues of $1.45 billion, up 11% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ operating margin 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.

This quarter, analysts are expecting Carlisle’s revenue to grow 9.4% year on year to $1.38 billion, a reversal from the 15.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $5.82 per share.

Carlisle Total Revenue
Carlisle Total Revenue

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 six 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’s revenues decreased 2.9% year on year, meeting analysts’ expectations, and Sherwin-Williams reported flat revenue, in line with consensus estimates.

Read our full analysis of Valmont’s results here and Sherwin-Williams’s results here.

Investors in the building products segment have had steady hands going into earnings, with share prices flat over the last month. Carlisle is up 5% during the same time and is heading into earnings with an average analyst price target of $485.20 (compared to the current share price of $460.56).

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