Ecolab Inc. (ECL) added 0.13% to reach at the floor price of $116.16 as the company is set to share its next quarterly earnings on July 26, 2016. ECL stock trades between $114.99 and $116.27 before the earnings release. Let’s take a closer look at the June 2016 earnings estimates, particularly the things investors should pay close attention to. Earnings (EPS) for the recently concluded quarter is projected to come in at $1.08/share with $3.34B in revenue.
Earnings Track Record: If history is anything to go by, Ecolab Inc. (ECL) managed to beat quarterly EPS forecasts in 4 of the trailing three fiscal years, and has a positive trend with an average surprise of 33%. Last time the company reported, Ecolab Inc. generated $0.77 in earnings per share, surpassing the mean forecast of $0.76. Revenues reached $3.1B in the March 2016 quarter, which was higher than the consensus $3.12B projection. On the other hand, in the December 2015 quarter it recorded a net $3.41B revenue with EPS of $1.22. Wall Street had projected $3.49B and $1.24, respectively. For comparison, there was a revenue of $3.45B and earnings of $1.28 in the September 2015 quarter.
Future Earnings: After upcoming financial results, all eyes will be on the outlook or guidance for the next reporting quarter (September 2016). Analysts, on average, predict Ecolab Inc. to earn $1.3 in earnings per share (EPS) on revenue of $3.34B. The earnings-per-share consensus range is $1.25-$1.35 on sales between $3.24B and $3.48B.
Stock Trend vs. Analyst View: The stock is trading up 18.18 percent versus 1-year low of $98.62 and stands -4.56 lower from its peak of $122.48. The consensus price target of $118.56 means that the market expects Company shares to increase by 2.07% in the short run. The sell-side target prices range from $96 to $140. In the last month the stock has moved in price 0.51%, with a one year change of 1.74%. The last trading session volume compares with the 1.43M average and market worth floats around $34.03B.
Recent Analyst Rating Changes: The buoyancy in the prospect of Ecolab Inc. (ECL) is getting weaker by the somewhat negative sentiment (2.2 on a 5-point scale) that brokerage firms have issued concerning it. Wall Street analysts on the average recommend the company shares as Overweight. Nomura has been covering shares of ECL, so it’s most recent view is worth a look. In a research note released on April 20, 2016, analysts at Nomura issued its first rating on the stock at Reduce. Another noteworthy analyst activity was recorded on March 22, 2016. Sterne Agee CRT analysts launched coverage on the stock at Buy.