Sign In  |  Register  |  About Corte Madera  |  Contact Us

Corte Madera, CA
September 01, 2020 10:27am
7-Day Forecast | Traffic
  • Search Hotels in Corte Madera

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Why Carlisle (CSL) Shares Are Sliding Today

CSL Cover Image

What Happened?

Shares of building envelope solutions provider Carlisle Companies (NYSE:CSL) fell 8.4% in the morning session after the company reported disappointing third-quarter earnings results. Its revenue unfortunately missed, and its organic revenue fell short of Wall Street's estimates. Management called out the continued decline in residential markets and weather-related and port strikes as debilitating factors that slowed down momentum during the quarter. Overall, this was a weaker quarter. CSL wasn't the only housing-related company to report underwhelming results. MHK, which is also exposed to residential construction and demand for homes, also put up weak results that sent the stock down.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Carlisle? Access our full analysis report here, it’s free.

What The Market Is Telling Us

Carlisle’s shares are not very volatile and have only had 2 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

Carlisle is up 36.1% since the beginning of the year, but at $421.09 per share, it is still trading 12.4% below its 52-week high of $480.93 from October 2024. Investors who bought $1,000 worth of Carlisle’s shares 5 years ago would now be looking at an investment worth $2,721.

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 CorteMadera.com & California Media Partners, LLC. All rights reserved.