Franklin Electric Co Inc expected to post earnings of 84 cents a share - Earnings Preview

FRANKLIN ELECTRIC

09/02/2024 13:04

* Franklin Electric Co Inc  FELE.OQ   FELE.O  is expected
to show
a rise in quarterly revenue when it reports  results on February
13 for the period ending December 31 2023
    * The Fort Wayne Indiana-based  company is expected to
report a
0.2% increase in revenue to $490.432 million from $489.43
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 84 cents 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 $91.00​, below​ its last closing price of $97.72. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.93        0.93       0.84      Missed  -9.6
 ​​Sep.        1.24        1.25       1.26      Beat    0.7
 30 2022                                                
 Jun. 30 2022  1.06        1.06       1.26      Beat    19.1​
 Mar. 31 2022  0.64        0.63       0.64      Beat    1.7
 Dec. 31 2021  0.64        0.63       0.86      Beat    36
 This summary was machine generated February 9 at 13:03 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)