Franklin Resources Earnings: Here’s Why Shares are Up Now

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. Shares are up 0.8%.

Franklin Resources Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 21.13% to $0.86 in the quarter versus EPS of $0.71 in the year-earlier quarter.

Revenue: Rose 19.01% to $2.08 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Franklin Resources Inc. reported adjusted EPS income of $0.86 per share. By that measure, the company beat the mean analyst estimate of $0.85. It beat the average revenue estimate of $2.06 billion.

Key Stats (on next page)…

Revenue decreased 0.09% from $2.09 billion in the previous quarter. EPS decreased 4.44% from $0.90 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.88 to a profit $0.87. For the current year, the average estimate has moved up from a profit of $3.38 to a profit of $3.42 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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