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What Makes Ecolab (ECL) a Strong Momentum Stock: Buy Now?
Zacks Investment Research· 2024-02-21 18:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
Best Income Stocks to Buy for February 16th
Zacks Investment Research· 2024-02-16 11:26
Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 16:Ecolab Inc. (ECL) : This hygiene solutions company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5% the last 60 days.This Zacks Rank #1 company has a dividend yield of 1.1%, compared with the industry average of 1%.The RMR Group Inc. (RMR) : This asset management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9 ...
Earnings Estimates Rising for Ecolab (ECL): Will It Gain?
Zacks Investment Research· 2024-02-15 18:21
Investors might want to bet on Ecolab (ECL) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Analysts' growing optimism on the earnings prospects of this cleaning, food-safety and pest-control services company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation ...
Ecolab (ECL) Upgraded to Buy: What Does It Mean for the Stock?
Zacks Investment Research· 2024-02-15 18:00
Ecolab (ECL) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a changing ear ...
Ecolab(ECL) - 2023 Q4 - Earnings Call Transcript
2024-02-13 22:06
Ecolab Inc. (NYSE:ECL) Q4 2023 Earnings Conference Call February 13, 2024 1:00 PM ET Company Participants Andy Hedberg - Vice President, Investor Relations Christophe Beck - Chairman & Chief Executive Officer Scott Kirkland - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Ashish Sabadra - RBC Capital Markets Seth Weber - Wells Fargo Josh Spector - UBS John McNulty - BMO Capital Markets Jeff Zekauskas - JPMorgan Manav Patnaik - Barclays David Begleiter - Deutsche Bank Pave ...
Ecolab(ECL) - 2023 Q4 - Earnings Call Presentation
2024-02-13 21:29
| --- | --- | |-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Sales +4% | Food & Beverage | | | ▪ Solid sales growth driven by continued pricing and improved new business which overcame comparisons to last year's very strong 17% growth. | ...
Ecolab (ECL) Q4 Earnings Surpass Estimates, Margins Rise
Zacks Investment Research· 2024-02-13 17:56
Ecolab Inc. (ECL) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $1.55, up 22% year over year. The bottom line exceeded the Zacks Consensus Estimate by 0.7%.GAAP EPS for the quarter was $1.41, up 51.6% year over year.Full-year adjusted EPS was $5.21, up 16% compared with that at the end of the comparable 2022 period. The figure surpassed the Zacks Consensus Estimate by 0.4%.Revenue DetailsRevenues grossed $3.94 billion in the reported quarter, up 7.3% year over year. The metric missed the ...
Ecolab (ECL) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-02-13 16:01
Ecolab (ECL) reported $3.94 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.3%. EPS of $1.55 for the same period compares to $1.27 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.96 billion, representing a surprise of -0.45%. The company delivered an EPS surprise of +0.65%, with the consensus EPS estimate being $1.54.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...
Ecolab (ECL) Q4 Earnings Surpass Estimates
Zacks Investment Research· 2024-02-13 15:10
Ecolab (ECL) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.65%. A quarter ago, it was expected that this cleaning, food-safety and pest-control services company would post earnings of $1.52 per share when it actually produced earnings of $1.54, delivering a surprise of 1.32%.Over ...
Ecolab Announces Strong Fourth Quarter Performance and 2024 Outlook; Reported Diluted EPS $1.41; Adjusted Diluted EPS $1.55, +22%; 2024 Adjusted Diluted EPS Outlook: $6.10 to $6.50, +17% to 25%
Businesswire· 2024-02-13 13:00
ST. PAUL, Minn.--(BUSINESS WIRE)--Ecolab Inc. (NYSE: ECL): FOURTH QUARTER HIGHLIGHTS Reported sales $3.9 billion, +7% versus last year. Organic sales +6%, led by double-digit growth in the Institutional & Specialty segment and Pest Elimination, and solid Industrial segment growth. As expected, Healthcare & Life Sciences segment sales were stable versus last year but continued to show good sequential sales growth. Reported operating income +48%. Organic operating income +21%, driven by continued strong ...