Building envelope solutions provider Carlisle Companies (NYSE: CSL) will be announcing earnings results this Wednesday after market close. Here’s what to expect.
Carlisle missed analysts’ revenue expectations last quarter, reporting revenues of $1.05 billion, down 4% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a slight miss of analysts’ organic revenue 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 grow 1.9% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. 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 Q2 results, giving us a hint as to what we can expect. Valmont delivered year-on-year revenue growth of 6.5%, beating analysts’ expectations by 2.6%, and Apogee reported a revenue decline of 1.1%, topping estimates by 3.4%. Valmont traded down 7.3% following the results.
Read our full analysis of Valmont’s results here and Apogee’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the building products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Carlisle is down 10% during the same time and is heading into earnings with an average analyst price target of $403.29 (compared to the current share price of $340.65).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
