Franklin Resources prelim Q4 operating revenue beats estimates on record AUM

Franklin Templeton

Yesterday 13:43

Overview
U.S. asset manager's preliminary Q4 operating revenue rose 4% yr/yr, beating analyst expectations
Preliminary adjusted EPS for Q4 beat analyst expectations
Company repurchased $86.1 mln in shares during the quarter

Outlook
Company sees opportunities in private markets, customized solutions and innovative investment vehicles in FY27
Company says institutional pipeline of won-but-unfunded mandates remains strong at $22.0 bln
Company plans to continue investing in strategic acquisitions and expense management

Result Drivers
NET INFLOWS - Co said Q4 results were driven by $20.8 bln in long-term net inflows, with positive flows across all regions and channels
RECORD AUM - Co said equity, multi-asset and alternatives saw net inflows and reached record assets under management
PRODUCT GROWTH - Co cited strong growth in ETF, retail SMA, Canvas and international AUM

Company press release: ID:nBw4ZpcMQa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Operating Revenue
Beat
$2.43 bln
$1.86 bln (4 Analysts)
Q4 Adjusted EPS
Beat
$0.94
$0.77 (8 Analysts)
Q4 EPS
 
$0.72
 
Q4 Adjusted Net Income
Beat
$493.40 mln
$405.31 mln (5 Analysts)
Q4 Net Income
 
$380.10 mln
 

Reuters Recommended Reads
Nov 3 - Apollo assets reach $1.07 trillion on alternative investment demand
Nov 6 - Brookfield Asset Management Q3 fee-related earnings rise on Oaktree acquisition 
Nov 4 - Canada's Sprott Q3 net income jumps 67% on higher AUM

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)