The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Carlisle Companies missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.
Margins expanded across the board.
Carlisle Companies reported revenue of $910.2 million. The four analysts polled by S&P Capital IQ anticipated revenue of $930.0 million on the same basis. GAAP reported sales were 4.6% higher than the prior-year quarter's $870.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.08. The six earnings estimates compiled by S&P Capital IQ predicted $1.18 per share. GAAP EPS of $1.08 for Q3 were 27% higher than the prior-year quarter's $0.85 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 24.8%, 310 basis points better than the prior-year quarter. Operating margin was 12.8%, 340 basis points better than the prior-year quarter. Net margin was 7.6%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $833.0 million. On the bottom line, the average EPS estimate is $0.82.
Next year's average estimate for revenue is $3.64 billion. The average EPS estimate is $4.33.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 227 members out of 238 rating the stock outperform, and 11 members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give Carlisle Companies a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carlisle Companies is outperform, with an average price target of $61.60.
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