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

FRANKLIN ELECTRIC

25/07/2023 14:01

* Franklin Electric Co Inc  FELE.OQ  reported quarterly
adjusted
earnings of $1.27​​ per share for the quarter ended in June. The
mean expectation of five analysts for the quarter was
for earnings of $1.33 per share.
    * Revenue rose 3.3% to $569.18 million from a year ago;
analysts
expected $598.34 million. 
    * Franklin Electric Co Inc's reported EPS for the quarter
was
$1.27​.
    * The mean earnings estimate of analysts had risen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Franklin Electric Co Inc shares had risen by 3.4% this
quarter and gained 33.4% so far this year.
    * The company reported quarterly net income of $59.6
million.
    * Wall Street's median 12-month price target for Franklin
Electric
Co Inc is $94.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
25 at 01:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.33           1.27           Missed
 Mar. 31 2023      0.63           0.79           Beat
 Dec. 31 2022      0.93           0.84           Missed
 Sep. 30 2022      1.25           1.26           Beat