Franklin Resources Inc. (NYSE:BEN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Franklin Resources Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 15.95% to $2.69 in the quarter versus EPS of $2.32 in the year-earlier quarter.
Revenue: Rose 7.12% to $2.01 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Franklin Resources Inc. reported adjusted EPS income of $2.69 per share. By that measure, the company beat the mean analyst estimate of $2.50. It beat the average revenue estimate of $1.99 billion.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue increased 3.59% from $1.94 billion in the previous quarter. EPS increased 11.16% from $2.42 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $2.52 to a profit $2.60. For the current year, the average estimate has moved up from a profit of $9.86 to a profit of $10.15 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)