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Reasons Why You Should Avoid Betting on Carlisle (CSL) Now
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Carlisle Companies Incorporated (CSL - Free Report) has failed to impress investors with its recent operational performance due to softness in the Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT) segments, and foreign-currency headwinds. These factors are likely to impede its earnings in the quarters ahead.
Let’s discuss the factors that might continue taking a toll on the firm.
Persistent softness in the CCM segment due to lower volumes as distributors and contractors continue to normalize inventory levels prolonged by weather conditions is hurting this Zacks Rank #4 (Sell) company’s performance. CSL expects the segment’s sales to decline in the high-single-digit range in 2023 from the year-ago period. Decreasing residential end market demand is affecting Carlisle’s CWT segment. Carlisle expects the segment’s revenues to decline in the low-double-digit range in 2023.
Carlisle's long-term debt in the last five years (2018-2022) witnessed a CAGR of 7.5%. The company’s long-term debt balance (excluding the current portion) at the end of first-quarter 2023 was also high at $2,281.9 million. CSL expects to incur net interest expenses of approximately $60 million in 2023. Any further increase in debt levels can raise the company's financial obligations.
Given its widespread presence in international markets, Carlisle is exposed to unfavorable foreign currency movements. In first-quarter 2023, forex woes had a negative impact of approximately 1% on sales.
Carlisle Companies Incorporated Price and Consensus
GFF delivered a trailing four-quarter earnings surprise of 7.7%, on average. In the past 60 days, Griffon’s earnings estimates have increased 12.5% for fiscal 2023. The stock has surged 7.1% in the year-to-date period.
Ingersoll Rand Inc. (IR - Free Report) presently sports a Zacks Rank of 1. IR delivered a trailing four-quarter earnings surprise of 12.6%, on average.
In the past 60 days, estimates for Ingersoll Rand’s 2023 earnings have increased 6.7%. The stock has improved 22.7% in the year-to-date period.
Alamo Group Inc. (ALG - Free Report) currently sports a Zacks Rank of 1. ALG delivered a trailing four-quarter earnings surprise of 17.7%, on average.
In the past 60 days, estimates for Alamo’s 2023 earnings have increased 12.7%. The stock has increased 30% in the year-to-date period.
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Reasons Why You Should Avoid Betting on Carlisle (CSL) Now
Carlisle Companies Incorporated (CSL - Free Report) has failed to impress investors with its recent operational performance due to softness in the Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT) segments, and foreign-currency headwinds. These factors are likely to impede its earnings in the quarters ahead.
Let’s discuss the factors that might continue taking a toll on the firm.
Persistent softness in the CCM segment due to lower volumes as distributors and contractors continue to normalize inventory levels prolonged by weather conditions is hurting this Zacks Rank #4 (Sell) company’s performance. CSL expects the segment’s sales to decline in the high-single-digit range in 2023 from the year-ago period. Decreasing residential end market demand is affecting Carlisle’s CWT segment. Carlisle expects the segment’s revenues to decline in the low-double-digit range in 2023.
Carlisle's long-term debt in the last five years (2018-2022) witnessed a CAGR of 7.5%. The company’s long-term debt balance (excluding the current portion) at the end of first-quarter 2023 was also high at $2,281.9 million. CSL expects to incur net interest expenses of approximately $60 million in 2023. Any further increase in debt levels can raise the company's financial obligations.
Given its widespread presence in international markets, Carlisle is exposed to unfavorable foreign currency movements. In first-quarter 2023, forex woes had a negative impact of approximately 1% on sales.
Carlisle Companies Incorporated Price and Consensus
Carlisle Companies Incorporated price-consensus-chart | Carlisle Companies Incorporated Quote
In the past 60 days, the Zacks Consensus Estimate for 2023 earnings has been revised 15% downward.
Stocks to Consider
Some better-ranked stocks are discussed below:
Griffon Corporation (GFF - Free Report) sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks.
GFF delivered a trailing four-quarter earnings surprise of 7.7%, on average. In the past 60 days, Griffon’s earnings estimates have increased 12.5% for fiscal 2023. The stock has surged 7.1% in the year-to-date period.
Ingersoll Rand Inc. (IR - Free Report) presently sports a Zacks Rank of 1. IR delivered a trailing four-quarter earnings surprise of 12.6%, on average.
In the past 60 days, estimates for Ingersoll Rand’s 2023 earnings have increased 6.7%. The stock has improved 22.7% in the year-to-date period.
Alamo Group Inc. (ALG - Free Report) currently sports a Zacks Rank of 1. ALG delivered a trailing four-quarter earnings surprise of 17.7%, on average.
In the past 60 days, estimates for Alamo’s 2023 earnings have increased 12.7%. The stock has increased 30% in the year-to-date period.