S&P 500 (NYSE:SPY) component Ecolab, Inc. (NYSE:ECL) will unveil its latest earnings on Wednesday, July 27, 2011. Ecolab Inc. develops and markets cleaning and sanitizing products and programs, pest elimination, maintenance and repair services for the hospitality, foodservice, healthcare and industrial markets.
Ecolab, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 63 cents per share, a rise of 12.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 62 cents. For the year, analysts are projecting net income of $2.52 per share, a rise of 13% from last year.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 45 cents per share against a mean estimate of net income of 44 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.
Wall St. Revenue Expectations: On average, analysts predict $1.65 billion in revenue this quarter, a rise of 8.6% from the year ago quarter. Analysts are forecasting total revenue of $6.57 billion for the year, a rise of 7.9% from last year’s revenue of $6.09 billion.
Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.
The decrease in profit in the first quarter breaks a streak of three consecutive quarters of year-over-year profit increases. Net income fell 2% in the first quarter from the year earlier, while the figure rose 13.4% in the fourth quarter of the last fiscal year, 20.1% in the third quarter of the last fiscal year and 30.5% in the second quarter of the last fiscal year.
Revenue has risen the past four quarters. Revenue increased 6% to $1.52 billion in first quarter. The figure rose 0.7% in the fourth quarter of the last fiscal year from the year earlier, climbed 1% in the third quarter of the last fiscal year from the year-ago quarter and 5.5% in the second quarter of the last fiscal year.
Competitors to Watch: Ocean Bio-Chem, Inc. (NASDAQ:OBCI), Zep, Inc. (NYSE:ZEP), PURE Bioscience (NASDAQ:PURE), Rollins, Inc. (NYSE:ROL), Proctor & Gamble (NYSE:PG), The Clorox Company (NYSE:CLX) and Church & Dwight (NYSE:CHD).
Stock Price Performance: During July 15, 2011 to July 21, 2011, the stock price had dropped $2.52 (-4.5%) from $55.72 to $53.20. The stock price saw one of its best stretches over the last year between March 25, 2011 and April 5, 2011 when shares rose for eight-straight days, rising 4.8% (+$2.39) over that span. It saw one of its worst periods between April 28, 2011 and May 5, 2011 when shares fell for six-straight days, falling 2.3% (-$1.23) over that span. Shares are up $3.12 (+6.2%) year to date.
(Source: Xignite Financials)