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Carlisle (CSL) Gains But Lags Market: What You Should Know

Carlisle (CSL) closed the most recent trading day at $302.80, moving +1.63% from the previous trading session. This move lagged the S&P 500's daily gain of 1.83%. At the same time, the Dow added 1.4%, and the tech-heavy Nasdaq gained 0.09%.

Coming into today, shares of the diversified manufacturer had lost 1.08% in the past month. In that same time, the Conglomerates sector lost 6.83%, while the S&P 500 lost 5.51%.

Wall Street will be looking for positivity from Carlisle as it approaches its next earnings report date. On that day, Carlisle is projected to report earnings of $5.39 per share, which would represent year-over-year growth of 80.27%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.77 billion, up 34.65% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $20.24 per share and revenue of $6.7 billion, which would represent changes of +114.41% and +36.83%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Carlisle. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.12% higher. Carlisle is holding a Zacks Rank of #1 (Strong Buy) right now.

In terms of valuation, Carlisle is currently trading at a Forward P/E ratio of 14.72. For comparison, its industry has an average Forward P/E of 16.21, which means Carlisle is trading at a discount to the group.

We can also see that CSL currently has a PEG ratio of 0.87. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Diversified Operations was holding an average PEG ratio of 1.55 at yesterday's closing price.

The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report
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