The 10-second takeaway
For the quarter ended March 31 (Q1), Carlisle Companies missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share shrank.
Margins shrank across the board.
Carlisle Companies reported revenue of $857.0 million. The four analysts polled by S&P Capital IQ wanted to see revenue of $895.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.85. The seven earnings estimates compiled by S&P Capital IQ predicted $0.84 per share. GAAP EPS of $0.85 for Q1 were 9.6% lower than the prior-year quarter's $0.94 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 21.9%, 240 basis points worse than the prior-year quarter. Operating margin was 8.1%, 330 basis points worse than the prior-year quarter. Net margin was 6.4%, 30 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.05 billion. On the bottom line, the average EPS estimate is $1.37.
Next year's average estimate for revenue is $3.90 billion. The average EPS estimate is $4.56.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 233 members out of 245 rating the stock outperform, and 12 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give Carlisle Companies a green thumbs-up, and two 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 $74.33.
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