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

FRANKLIN ELECTRIC

02/05/2023 14:01

* Franklin Electric Co Inc  FELE.OQ  reported quarterly
adjusted
earnings of 79 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 63 cents per share.
    * Revenue rose 7.3% to $484.55 million from a year ago;
analysts
expected $476.08 million. 
    * Franklin Electric Co Inc's reported EPS for the quarter
was 79
cents​.
    * The mean earnings estimate of analysts had fallen by
about 5.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Franklin Electric Co Inc shares had fallen by 3.8% this
quarter and gained 13.5% so far this year.
    * The company reported quarterly net income of $37.33
million.
    * Wall Street's median 12-month price target for Franklin
Electric
Co Inc is $93.00 
    * 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 May
2 at 01:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      1.06           1.26           Beat