Franklin Electric Co Inc expected to post earnings of $1.33 a share - Earnings Preview

FRANKLIN ELECTRIC

21/07/2023 13:59

* Franklin Electric Co Inc  FELE.OQ   FELE.O  is expected
to show
a rise in quarterly revenue when it reports  results on July
25. 
    * The Fort Wayne Indiana-based  company is expected to
report  a
8.6% increase in revenue to $598.341 million from $551.14
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Franklin Electric
Co Inc
is for earnings of $1.33 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"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 $94​, below​ its last closing price of $106.43. ​​​

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 2023  0.63        0.63       0.79      Beat    24.9
 Dec. 31 2023  0.93        0.93       0.84      Missed  -9.6
 Sep. 30 2022  1.24        1.25       1.26      Beat    0.7​
 Jun. 30 2022  1.06        1.06       1.26      Beat    19.1
 ​​Mar.        0.64        0.63       0.64      Beat    1.7
 31 2022                                                
 Dec. 31 2021  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
 This summary was machine generated July 21 at 12:59 GMT.  All
figures in US dollars  unless otherwise stated