We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Carlisle Companies (CSL) Stock Outpacing Its Conglomerates Peers This Year?
Read MoreHide Full Article
The Conglomerates group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Carlisle (CSL - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Carlisle is one of 25 companies in the Conglomerates group. The Conglomerates group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Carlisle is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CSL's full-year earnings has moved 8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CSL has gained about 29.7% so far this year. Meanwhile, stocks in the Conglomerates group have lost about 1.1% on average. As we can see, Carlisle is performing better than its sector in the calendar year.
Another stock in the Conglomerates sector, Griffon (GFF - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 5.3%.
Over the past three months, Griffon's consensus EPS estimate for the current year has increased 9%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Carlisle belongs to the Diversified Operations industry, a group that includes 25 individual companies and currently sits at #35 in the Zacks Industry Rank. This group has lost an average of 1.1% so far this year, so CSL is performing better in this area. Griffon is also part of the same industry.
Investors with an interest in Conglomerates stocks should continue to track Carlisle and Griffon. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Carlisle Companies (CSL) Stock Outpacing Its Conglomerates Peers This Year?
The Conglomerates group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Carlisle (CSL - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Carlisle is one of 25 companies in the Conglomerates group. The Conglomerates group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Carlisle is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CSL's full-year earnings has moved 8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CSL has gained about 29.7% so far this year. Meanwhile, stocks in the Conglomerates group have lost about 1.1% on average. As we can see, Carlisle is performing better than its sector in the calendar year.
Another stock in the Conglomerates sector, Griffon (GFF - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 5.3%.
Over the past three months, Griffon's consensus EPS estimate for the current year has increased 9%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Carlisle belongs to the Diversified Operations industry, a group that includes 25 individual companies and currently sits at #35 in the Zacks Industry Rank. This group has lost an average of 1.1% so far this year, so CSL is performing better in this area. Griffon is also part of the same industry.
Investors with an interest in Conglomerates stocks should continue to track Carlisle and Griffon. These stocks will be looking to continue their solid performance.