Franklin Electric Co Inc expected to post earnings of 74 cents a share - Earnings Preview

FRANKLIN ELECTRIC

26/04/2024 13:31

* Franklin Electric Co Inc  FELE.OQ   FELE.O  is expected
to show
a fall in quarterly revenue when it reports  results on April 30
for the period ending March 31 2024
    * The Fort Wayne Indiana-based  company is expected to
report a
1.4% decrease in revenue to $477.682 million from $484.55
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 74 cents 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 $107.50​, above​ its last closing price of $102.54.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.84        0.84       0.83      Missed  -1
 Sep. 30 2023  1.28        1.29       1.24      Missed  -3.9
 Jun. 30 2023  1.33        1.33       1.27      Missed  -4.6​
 Mar. 31 2023  0.63        0.63       0.79      Beat    24.9
 ​​Dec.        0.93        0.93       0.84      Missed  -9.6
 31 2022                                                
 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. 31 2022  0.64        0.63       0.64      Beat    1.7
 This summary was machine generated April 26 at 12:31 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)