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Ecolab (ECL) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Ecolab (ECL - Free Report) reported revenue of $3.99 billion, up 3.5% over the same period last year. EPS came in at $1.68, compared to $1.24 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $4.03 billion, representing a surprise of -1.22%. The company delivered an EPS surprise of +1.20%, with the consensus EPS estimate being $1.66.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ecolab performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- Global Healthcare and Life Sciences (Fixed currency): $395 million compared to the $397.17 million average estimate based on three analysts. The reported number represents a change of +1.1% year over year.
Sales- Global Industrial (Public Currency rates): $1.94 billion versus the three-analyst average estimate of $1.96 billion. The reported number represents a year-over-year change of +7.1%.
Sales- Global Institutional & Specialty (Fixed currency): $1.37 billion compared to the $1.35 billion average estimate based on three analysts. The reported number represents a change of +8.2% year over year.
Sales- Global Institutional & Specialty (Public Currency rates): $1.36 billion versus $1.39 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.
Sales- Global Industrial (Fixed currency): $1.96 billion compared to the $1.93 billion average estimate based on three analysts. The reported number represents a change of +8.9% year over year.
Sales- Global Healthcare & Life Sciences (Public Currency rates): $389.70 million compared to the $397.64 million average estimate based on two analysts. The reported number represents a change of +0.6% year over year.
Operating Income- Global Healthcare and Life Sciences (Fixed currency): $33.70 million compared to the $41.15 million average estimate based on three analysts.
Operating Income- Global Institutional & Specialty (Public Currency rates): $318.30 million versus the three-analyst average estimate of $292.62 million.
Operating Income- Global Industrial (Public Currency rates): $306.70 million versus the three-analyst average estimate of $317.28 million.
Operating Income- Global Industrial (Fixed currency): $311.90 million versus $323.46 million estimated by three analysts on average.
Operating Income- Global Institutional & Specialty (Fixed currency): $320.70 million versus the three-analyst average estimate of $294.21 million.
Operating Income- Global Healthcare & Life Sciences (Public Currency rates): $32.50 million versus the two-analyst average estimate of $49.28 million.
Shares of Ecolab have returned +5.3% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Ecolab (ECL) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Ecolab (ECL - Free Report) reported revenue of $3.99 billion, up 3.5% over the same period last year. EPS came in at $1.68, compared to $1.24 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $4.03 billion, representing a surprise of -1.22%. The company delivered an EPS surprise of +1.20%, with the consensus EPS estimate being $1.66.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ecolab performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Global Healthcare and Life Sciences (Fixed currency): $395 million compared to the $397.17 million average estimate based on three analysts. The reported number represents a change of +1.1% year over year.
- Sales- Global Industrial (Public Currency rates): $1.94 billion versus the three-analyst average estimate of $1.96 billion. The reported number represents a year-over-year change of +7.1%.
- Sales- Global Institutional & Specialty (Fixed currency): $1.37 billion compared to the $1.35 billion average estimate based on three analysts. The reported number represents a change of +8.2% year over year.
- Sales- Global Institutional & Specialty (Public Currency rates): $1.36 billion versus $1.39 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.
- Sales- Global Industrial (Fixed currency): $1.96 billion compared to the $1.93 billion average estimate based on three analysts. The reported number represents a change of +8.9% year over year.
- Sales- Global Healthcare & Life Sciences (Public Currency rates): $389.70 million compared to the $397.64 million average estimate based on two analysts. The reported number represents a change of +0.6% year over year.
- Operating Income- Global Healthcare and Life Sciences (Fixed currency): $33.70 million compared to the $41.15 million average estimate based on three analysts.
- Operating Income- Global Institutional & Specialty (Public Currency rates): $318.30 million versus the three-analyst average estimate of $292.62 million.
- Operating Income- Global Industrial (Public Currency rates): $306.70 million versus the three-analyst average estimate of $317.28 million.
- Operating Income- Global Industrial (Fixed currency): $311.90 million versus $323.46 million estimated by three analysts on average.
- Operating Income- Global Institutional & Specialty (Fixed currency): $320.70 million versus the three-analyst average estimate of $294.21 million.
- Operating Income- Global Healthcare & Life Sciences (Public Currency rates): $32.50 million versus the two-analyst average estimate of $49.28 million.
View all Key Company Metrics for Ecolab here>>>Shares of Ecolab have returned +5.3% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.