Here's Why Ecolab (ECL) is a Strong Growth Stock
In This Article:
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Ecolab (ECL)
St. Paul, MN-headquartered Ecolab Inc. is a global sustainability provider offering water, hygiene and infection prevention solutions and services that protect people and the resources vital to life.
ECL boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 27.6% year-over-year for 2024, while Wall Street anticipates its top line to improve by 2.9%.
Seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $6.65 per share for 2024. ECL boasts an average earnings surprise of 0.8%.
On a historic basis, Ecolab has generated cash flow growth of 1.3%, and is expected to report cash flow expansion of 8.6% this year.
ECL should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ecolab Inc. (ECL) : Free Stock Analysis Report