Ecolab Guides Q1 Adj. EPS Above Estimates - Update

RTTNews | 622 days ago
Stocktwits
Ecolab Guides Q1 Adj. EPS Above Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, Ecolab Inc. (ECL) said it expects adjusted earnings for the first quarter in a range of $1.27 to $1.37 per share and adjusted earnings for the full-year 2024 in a range of $6.10 to $6.50 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.12 per share for the quarter and earnings of $6.14 for the year. Analysts' estimates typically exclude special items.

The company said it is confident 2024 will be another strong year for Ecolab, continuing its long-term 12-15% earnings growth trajectory that is amplified by shorter-term benefits from moderately lower delivered product costs.

The company added that it expects another very strong year of operating margin expansion, building upon its success in 2023, and remain confident in its path to deliver on its 20% margin objective over the next few years to drive superior earnings growth and long-term returns for shareholders.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: ECL
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French Stocks Turning In Mixed Performance; CAC Up Marginally

French Stocks Turning In Mixed Performance; CAC Up Marginally

After a slightly positive start and a subsequent drop, France's CAC 40 has edged up a bit on Monday with investors digesting earnings updates and the regional economic data, and looking ahead to the monetary policy announcements from the European Central Bank and the Federal Reserve this week.
RTTNews | 22 minutes ago
Eurozone Household Lending Growth Fastest Since 2023

Eurozone Household Lending Growth Fastest Since 2023

Lending to euro area households increased at the fastest pace since March 2023 but lending to businesses softened amid rising risks to economic growth. Adjusted loans to households grew 2.6 percent year-on-year in September, following a 2.5 percent rise in August, data from the European Central Bank showed on Monday. This was the fastest growth since March 2023.
RTTNews | 47 minutes ago
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