Will Global Industrial Unit Boost Ecolab's (ECL) Q1 Earnings?
Zacks Investment Research | Apr 22, 2018 10:07PM ET
Ecolab Inc. (NYSE:ECL) is scheduled to report first-quarter 2018 results on May 1, before the market opens. Solid performance in the Global Industrial segment is likely to drive the top line. Further, an expected improvement in revenues in other segments is likely to help the company generate solid results this season.
Last quarter, Ecolab reported adjusted earnings of $1.39 per share, which missed the Zacks Consensus Estimate by a penny. Earnings improved from $1.25 in the year-ago quarter. Adjusted quarterly net sales were $3.56 billion, up 7.2% from the year-ago quarter. Also, net sales missed the Zacks Consensus Estimate of $3.62 billion.
For the current quarter, the Zacks Consensus Estimate for revenues is pegged at $3.37 million, reflecting a rise of 6.5% year over year. The Zacks Consensus Estimate for earnings is pegged at 88 cents, indicating an increase of 10% year over year.
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Ecolab Inc. Price and EPS Surprise
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