The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Carlisle Companies beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins increased across the board.
Carlisle Companies reported revenue of $845.3 million. The four analysts polled by S&P Capital IQ predicted a top line of $825.3 million on the same basis. GAAP reported sales were 7.1% higher than the prior-year quarter's $789.6 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 $0.74. The seven earnings estimates compiled by S&P Capital IQ predicted $0.78 per share. GAAP EPS of $0.74 for Q4 were 21% higher than the prior-year quarter's $0.61 per share. (The prior-year quarter included -$0.02 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 24.3%, 390 basis points better than the prior-year quarter. Operating margin was 9.1%, 140 basis points better than the prior-year quarter. Net margin was 5.7%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $907.8 million. On the bottom line, the average EPS estimate is $0.90.
Next year's average estimate for revenue is $3.83 billion. The average EPS estimate is $4.54.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 231 members out of 242 rating the stock outperform, and 11 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give Carlisle Companies a green thumbs-up, and one 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 $65.17.
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