Carlisle Companies Q3 EPS $4.68 Beats $4.54 Estimate, Sales $1.26B Miss $1.27B Estimate
Portfolio Pulse from Happy Mohamed
Carlisle Companies (NYSE:CSL) reported Q3 earnings of $4.68 per share, beating the analyst consensus estimate of $4.54 by 3.08%. However, this is a 17.31% decrease from last year's earnings. The company's quarterly sales of $1.26 billion missed the analyst consensus estimate of $1.27 billion by 0.79%, marking a 29.77% decrease from last year's sales.
October 26, 2023 | 8:07 pm
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NEGATIVE IMPACT
Carlisle Companies' Q3 earnings beat estimates but sales missed, with both showing a YoY decrease.
Carlisle Companies' earnings beat estimates, which is positive. However, the miss on sales and the YoY decrease in both earnings and sales could negatively impact investor sentiment, potentially leading to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100