Franklin Electric Co Inc expected to post earnings of $1.06 a share - Earnings Preview

FRANKLIN ELECTRIC

22/07/2022 14:25

* Franklin Electric Co Inc  FELE.OQ   FELE.O  is expected
to show
a rise in quarterly revenue when it reports  results on July
26. 
    * The Fort Wayne Indiana-based  company is expected to
report  a
24.5% increase in revenue to $544.447 million from $437.28
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Franklin Electric
Co Inc
is for earnings of $1.06 per share. For the same quarter last
year, the company reported earnings of 83 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Franklin
Electric
Co Inc is $79​, below​ its last closing price of $79.38. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.64        0.63       0.64      Beat    1.7
 Dec. 31 2022  0.64        0.63       0.86      Beat    36
 Sep. 30 2021  0.89        0.90       0.98      Beat    9.3​
 Jun. 30 2021  0.80        0.80       0.83      Beat    3.4
 ​​Mar.        0.39        0.37       0.59      Beat    61.6
 31 2021                                                
 Dec. 31 2020  0.52        0.52       0.57      Beat    9.6​
 Sep. 30 2020  0.64        0.63       0.83      Beat    31.2
 Jun. 30 2020  0.42        0.45       0.54      Beat    20.7
 This summary was machine generated July 22 at 13:25 GMT.  All
figures in US dollars  unless otherwise stated