Ecolab Q3 Earnings: Beats On EPS, Misses On Sales, Revises Annual EPS Forecast & More (CORRECTED)
Portfolio Pulse from Lekha Gupta
Ecolab Inc (NYSE:ECL) reported Q3 earnings with a slight miss on sales but a beat on EPS. The company revised its annual EPS forecast upwards. Despite positive organic sales growth and increased operating income, ECL shares are trading lower. Investors can access Ecolab through ETFs like VanEck Environmental Services ETF (NYSE:EVX) and Invesco Global Water ETF (NASDAQ:PIO).
October 29, 2024 | 2:44 pm
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NEGATIVE IMPACT
Ecolab reported Q3 earnings with a slight miss on sales but a beat on EPS. The company revised its annual EPS forecast upwards. Despite positive organic sales growth and increased operating income, ECL shares are trading lower.
Ecolab's Q3 earnings report showed a miss on sales but a beat on EPS. The market reacted negatively, likely due to the sales miss, causing shares to trade lower. The upward revision of the annual EPS forecast did not offset the negative sentiment.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
VanEck Environmental Services ETF (EVX) provides exposure to Ecolab, which reported mixed Q3 results. Ecolab's sales miss and share price decline may impact EVX's performance.
EVX holds Ecolab, which reported a sales miss and a share price decline. This could negatively impact EVX's short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Invesco Global Water ETF (PIO) includes Ecolab, which reported mixed Q3 results. Ecolab's sales miss and share price decline may affect PIO's performance.
PIO holds Ecolab, which reported a sales miss and a share price decline. This could negatively impact PIO's short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50