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

FRANKLIN ELECTRIC

30/04/2024 16:06

* Franklin Electric Co Inc  FELE.OQ  reported quarterly
adjusted
earnings of 70 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 79 cents.  The mean expectation of five analysts for the
quarter was for earnings of 74 cents per share. Wall Street
expected results to range from 71 cents to 76 cents per share.
    * Revenue fell 4.9% to $460.90 million from a year ago;
analysts
expected $477.68 million. 
    * Franklin Electric Co Inc's reported EPS for the quarter
was 70
cents​.
    * The company reported quarterly net income of $32.96
million.
    * Franklin Electric Co Inc shares had fallen by 3.3% this
quarter and gained 6.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Franklin
Electric
Co Inc is $107.50 

This summary was machine generated from LSEG data April 30 at
03:06 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
 Mar. 31 2024      0.74           0.70           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