Ecolab Inc. ($ECL) Stock Forecast: Down 7.4% Today

What is Ecolab Inc.?

Ecolab Inc. (NYSE: ECL) is a provider of water purification services. The company reported mixed results in the second quarter of FY24, with sales growth falling short of analyst estimates.

Why is Ecolab Inc. going down?

ECL stock is down 7.4% on Jul 30, 2024 18:06

• Despite an increase in profit and surpassing earnings forecasts, Ecolab's stock saw a downward trend.
• The market's reaction to lower-than-projected sales growth, below analyst predictions, could have influenced the stock's bearish movement.
• Concerns over Ecolab's adjusted full-year profit outlook potentially triggered a sell-off.
• The discrepancy between outperforming earnings estimates and missing revenue projections likely impacted the stock's downward trajectory.

ECL Price Chart

ECL Technical Analysis

ECL News

Why Water Purification Services Provider Ecolab's Shares Are Trading Lower Today - Ecolab ( NYSE:ECL )

Ecolab Inc ECL shares are trading lower after the company reported second-quarter FY24 sales growth of 3% year-on-year to $3.985 billion, missing the analyst consensus estimate of $4.028 billion.

https://www.benzinga.com/news/earnings/24/07/40041317/why-water-purification-services-provider-ecolabs-shares-are-trading-lower-today

ROUNDUP: Ecolab Q2 Profit Rises, Above Estimates; Revises Full-year Profit Guidance

WASHINGTON (dpa-AFX) - (Adds Outlook)Ecolab Inc. (ECL) has initiated third-quarter earnings guidance while revising annual earnings outlook.For the third-quarter, the company expects adjusted inco…

https://www.finanznachrichten.de/nachrichten-2024-07/62859816-roundup-ecolab-q2-profit-rises-above-estimates-revises-full-year-profit-guidance-020.htm

Ecolab Inc. Q2 Profit Increases, Beats Estimates

WASHINGTON (dpa-AFX) - Ecolab Inc. (ECL) revealed a profit for its second quarter that increased from the same period last year and beat the Street estimates.The company''s earnings totaled $490.9 …

https://www.finanznachrichten.de/nachrichten-2024-07/62859465-ecolab-inc-q2-profit-increases-beats-estimates-020.htm

Ecolab Inc (ECL) Q2 Earnings: GAAP EPS of $1.71 Beats Estimates, Revenue of $3. ...

Ecolab Inc (ECL) Q2 Earnings: GAAP EPS of $1.71 Beats Estimates, Revenue of $3.99 Billion Misses Expectations

https://www.gurufocus.com/news/2485445/ecolab-inc-ecl-q2-earnings-gaap-eps-of-171-beats-estimates-revenue-of-399-billion-misses-expectations

Ecolab ( ECL ) Q2 Earnings Beat Estimates

Ecolab (ECL) delivered earnings and revenue surprises of 1.20% and 1.22%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2311735/ecolab-ecl-q2-earnings-beat-estimates

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Ecolab Inc. Price History

14.08.2023 - ECL Stock was down 4.3%

• Ecolab's short percent of float has fallen, indicating a decrease in bearish sentiment among traders.
• The number of shares sold short has decreased, suggesting a reduction in the number of traders betting on the stock's price decline.
• The average time it would take traders to cover their short positions has decreased, indicating a potential increase in buying pressure on the stock.
• The decrease in short interest may be a result of positive news or improved investor sentiment towards Ecolab, potentially leading to the bearish market movement today.

13.01.2024 - ECL Stock was up 8.9%

• Ecolab reported strong Q4 earnings that exceeded expectations, with sales growing by 7% YoY. This contributed to the positive market movement in their stock.
• The company's performance across its segments was robust, and they also saw improvement in margins, which influenced the market's positive movement.
• Ecolab's results surpassed expectations, and their higher first-quarter adjusted EPS guidance further boosted investor confidence, leading to a surge in their shares.

13.01.2024 - ECL Stock was up 6.4%

• Ecolab Inc. (ECL) recently announced strong Q4 earnings that surpassed expectations, reflecting a favorable financial performance.
• The company's emphasis on its Food & Beverage and Water business, along with the Institutional segment, likely contributed to the positive market movement.
• The favorable earnings report and the potential growth in key sectors could have attracted investors, resulting in the optimistic market movement.

31.09.2023 - ECL Stock was up 5.0%

• Ecolab reported third-quarter sales growth of 8% year-on-year, beating estimates.
• The company's robust performance across all segments drove its third-quarter sales.
• Ecolab's net sales increased by 8% and adjusted diluted EPS grew by 18% in Q3.
• Ecolab delivered earnings and revenue surprises for the quarter, exceeding expectations.
• Overall, Ecolab's strong financial performance and positive earnings beat contributed to the bullish movement in the stock today. The company's ability to surpass estimates and demonstrate growth in key areas likely boosted investor confidence and drove the upward movement.

31.09.2023 - ECL Stock was up 2.4%

• Ecolab Inc. reported earnings for its third quarter that beat Street estimates, indicating strong financial performance.
• The company's adjusted diluted EPS increased by 18% compared to the same period last year, showcasing positive growth.
• Despite missing revenue estimates by $50M, Ecolab's overall performance was deemed very strong, with reported sales increasing by 8% and organic sales growing by 7%.
• The positive earnings results and solid growth in various segments contributed to the bullish market movement of Ecolab's stock.

17.06.2023 - ECL Stock was up 2.4%

• Ecolab (ECL) stock had a strong bullish movement today.
• The stock was upgraded from a "hold" rating to a "buy" rating by StockNews.com.
• Over the past 15 years, Ecolab has outperformed the market, producing an average annual return of 10.08%.
• The positive rating upgrade and the company's strong performance over the years could have contributed to the bullish movement in Ecolab's stock today.

13.01.2024 - ECL Stock was up 8.0%

• Ecolab unveiled impressive fourth-quarter financial results, surpassing expectations and fueling a surge in its stock price.
• The company's projected adjusted EPS for the first quarter exceeded estimates, suggesting a promising outlook for future growth.
• The robust earnings and optimistic guidance likely instilled confidence in investors, driving the upward movement of Ecolab's shares.
• Despite the overall bearish market sentiment, Ecolab displayed resilience and showcased its strong performance through the continued upward trajectory of its stock.

13.01.2024 - ECL Stock was up 8.5%

• Ecolab's Q4 earnings exceeded expectations, indicating robust financial performance.
• The company experienced a 7% year-over-year growth in sales, surpassing analyst consensus estimates.
• Ecolab provided first-quarter adjusted EPS guidance that was higher than estimates, further bolstering investor confidence.
• The favorable earnings report and guidance likely resulted in a rise in Ecolab's stock price.

13.01.2024 - ECL Stock was up 7.0%

• Ecolab's latest financial results for the fourth quarter of FY23 exceeded expectations, which influenced a notable increase in the stock value.
• Sales experienced a 7% year-over-year growth, slightly surpassing the estimated consensus among analysts.
• The strong performance in earnings and revenue played a significant role in driving the positive movement of ECL.

30.06.2024 - ECL Stock was down 6.4%

• Ecolab Inc. beat profit estimates for the second quarter but its stock experienced a bearish movement.
• The discrepancy between the GAAP EPS beating estimates while revenue missing expectations could have contributed to investor concerns.
• The lowered guidance and missed revenue expectations might have overshadowed the positive earnings beat, leading to a sell-off in Ecolab shares.
• Investors may be reacting to the cautious outlook provided by the company, despite the strong performance in the second quarter, causing the bearish movement in the stock price.

30.06.2024 - ECL Stock was down 7.4%

• Despite an increase in profit and surpassing earnings forecasts, Ecolab's stock saw a downward trend.
• The market's reaction to lower-than-projected sales growth, below analyst predictions, could have influenced the stock's bearish movement.
• Concerns over Ecolab's adjusted full-year profit outlook potentially triggered a sell-off.
• The discrepancy between outperforming earnings estimates and missing revenue projections likely impacted the stock's downward trajectory.

30.06.2024 - ECL Stock was down 5.3%

• Ecolab shares experienced a bearish movement today due to the company's Q2 earnings missing expectations and lowering guidance.
• Despite reporting strong Q2 performance with sales up 3% and a 35% increase in adjusted diluted EPS, the market reacted negatively to the missed expectations.
• Investors may have been disappointed by the lowered guidance, leading to a sell-off of ECL shares.
• The market was likely anticipating stronger results, and the discrepancy between expectations and actual performance contributed to the bearish movement in Ecolab's stock price.