Franklin Electric Co Inc reports results for the quarter ended in December - Earnings Summary

FRANKLIN ELECTRIC

13/02/2024 17:08

* Franklin Electric Co Inc  FELE.OQ  reported quarterly
adjusted
earnings of 83 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 84 cents.  The mean expectation of
five analysts for the quarter was for earnings of 84 cents per
share. Wall Street expected results to range from 81 cents to 86
cents per share.
    * Revenue fell 3.4% to $472.97 million from a year ago;
analysts
expected $490.43 million. 
    * Franklin Electric Co Inc's reported EPS for the quarter
was 82
cents​.
    * The company reported quarterly net income of $38.55
million.
    * Franklin Electric Co Inc shares had risen by 3.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Franklin
Electric
Co Inc is $91.00 

This summary was machine generated from LSEG data February 13 at
05:07 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.84           0.83           Missed
 Sep. 30 2023      1.29           1.24           Missed
 Jun. 30 2023      1.33           1.27           Missed
 Mar. 31 2023      0.63           0.79           Beat