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Carlisle (CSL) Flat As Market Sinks: What You Should Know
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In the latest trading session, Carlisle (CSL - Free Report) closed at $280.41, marking no change from the previous day. This change was narrower than the S&P 500's daily loss of 1.51%. At the same time, the Dow lost 1.71%, and the tech-heavy Nasdaq lost 0.02%.
Heading into today, shares of the diversified manufacturer had lost 6.2% over the past month, outpacing the Conglomerates sector's loss of 10.2% and the S&P 500's loss of 9.52% in that time.
Carlisle will be looking to display strength as it nears its next earnings release. In that report, analysts expect Carlisle to post earnings of $5.39 per share. This would mark year-over-year growth of 80.27%. Meanwhile, our latest consensus estimate is calling for revenue of $1.77 billion, up 34.65% from the prior-year quarter.
CSL's full-year Zacks Consensus Estimates are calling for earnings of $20.24 per share and revenue of $6.7 billion. These results would represent year-over-year changes of +114.41% and +36.83%, respectively.
Investors might also notice recent changes to analyst estimates for Carlisle. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.12% higher. Carlisle is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Carlisle has a Forward P/E ratio of 13.85 right now. This represents a discount compared to its industry's average Forward P/E of 14.84.
We can also see that CSL currently has a PEG ratio of 0.81. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Diversified Operations was holding an average PEG ratio of 1.53 at yesterday's closing price.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Carlisle (CSL) Flat As Market Sinks: What You Should Know
In the latest trading session, Carlisle (CSL - Free Report) closed at $280.41, marking no change from the previous day. This change was narrower than the S&P 500's daily loss of 1.51%. At the same time, the Dow lost 1.71%, and the tech-heavy Nasdaq lost 0.02%.
Heading into today, shares of the diversified manufacturer had lost 6.2% over the past month, outpacing the Conglomerates sector's loss of 10.2% and the S&P 500's loss of 9.52% in that time.
Carlisle will be looking to display strength as it nears its next earnings release. In that report, analysts expect Carlisle to post earnings of $5.39 per share. This would mark year-over-year growth of 80.27%. Meanwhile, our latest consensus estimate is calling for revenue of $1.77 billion, up 34.65% from the prior-year quarter.
CSL's full-year Zacks Consensus Estimates are calling for earnings of $20.24 per share and revenue of $6.7 billion. These results would represent year-over-year changes of +114.41% and +36.83%, respectively.
Investors might also notice recent changes to analyst estimates for Carlisle. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.12% higher. Carlisle is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Carlisle has a Forward P/E ratio of 13.85 right now. This represents a discount compared to its industry's average Forward P/E of 14.84.
We can also see that CSL currently has a PEG ratio of 0.81. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Diversified Operations was holding an average PEG ratio of 1.53 at yesterday's closing price.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.