Franklin Resources Earnings Preview: Can This Streak Continue?
Franklin Resources (NYSE:BEN) will report earnings before markets open on Tuesday, April 30th. Franklin Resources, Inc. provides investment advisory services to mutual fund, retirement, institutional/separate accounts and high net worth investors. The Company manages various asset classes including domestic, international/global and emerging markets equity, domestic, international and municipal fixed income, money funds, alternative investments, and hedge funds.
Here is your Cheat Sheet to Franklin Resources Earnings:
Earnings Expectations: Analysts expect earnings of $2.50 per share on revenues of $1.99 billion. Currently, the company’s P/E ratio stands at 16.55.
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 $2.6. For the current year, the average estimate is a profit of $10.14, which is better than the estimate ninety days ago.
Here’s how Franklin Resources has been performing on an annual basis:
|Revenue ($) in millions||6,032||4,194||5,853||7,140||7,101|
|Diluted EPS ($)||6.67||3.85||6.33||8.62||8.95|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||1,702||1,799||1,784||1,816||1,902|
|Diluted EPS ($)||2.20||2.32||2.12||2.365||2.42|
Franklin Resources has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)