Franklin Electric Co Inc expected to post earnings of $1.31 a share - Earnings Preview

FRANKLIN ELECTRIC

19/07/2024 13:02

* Franklin Electric Co Inc  FELE.OQ   FELE.O  is expected
to show
a rise in quarterly revenue when it reports  results on July 23
for the period ending June 30 2024
    * The Fort Wayne Indiana-based  company is expected to
report a
0.1% increase in revenue to $569.912 million from $569.18
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Franklin Electric Co Inc
is
for earnings of $1.31 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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 $106.00​, above​ its last closing price of $103.62.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.74        0.74       0.70      Missed  -4.8
 Dec. 31 2024  0.84        0.84       0.83      Missed  -1
 Sep. 30 2023  1.28        1.29       1.24      Missed  -3.9​
 Jan. 1 0001   1.33        1.33       1.27      Missed  -4.6
 ​​Mar.        0.63        0.63       0.79      Beat    24.9
 31 2023                                                
 Dec. 31 2022  0.93        0.93       0.84      Missed  -9.6​
 Jan. 1 0001   1.24        1.25       1.26      Beat    0.7
 Jun. 30 2022  1.06        1.06       1.26      Beat    19.1
 This summary was machine generated July 19 at 12:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)