* Ecolab Inc reported quarterly adjusted earnings of $1.83 per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of $1.54. The mean expectation of twenty four analysts for the quarter was for earnings of $1.82 per share. Wall Street expected results to range from $1.78 to $1.87 per share.
* Revenue rose 1% to $4.00 billion from a year ago; analysts expected $4.04 billion.
* Ecolab Inc's reported EPS for the quarter was $2.58.
* The company reported quarterly net income of $736.5 million.
* Ecolab Inc shares had risen by 0.4% this quarter and gained 29.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 0.7% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 14 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the specialty chemicals peer group is also "buy"
Wall Street's median 12-month price target for Ecolab Inc is 273.00 This summary was machine generated from LSEG data October 29 at 02:15 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jan. 1 0001 1.82 1.83 Beat
Jun. 30 2024 1.67 1.68 Beat
Mar. 31 2024 1.34 1.34 Met
Dec. 31 2023 1.54 1.55 Beat