On Tuesday, July 27, Franklin Electric (NASDAQ:FELE) will release its latest earnings report. Benzinga’s outlook for Franklin Electric is included in the following report.
Net Income, Earnings, And Earnings Per Share
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Analysts predict Franklin Electric will report earnings of $0.8 per share on revenue of $389.16 million. Franklin Electric earnings in the same period a year ago was $0.54 per share. Quarterly sales came in at $308.28 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the “consensus estimates.” A company posting earnings or revenue above or below the consensus estimate is known as an “earnings surprise” and may move the stock by a considerable margin.
If the company were to report earnings in line when it publishes results Tuesday, earnings would be up 48.15%. Sales would be up 26.24% from the same quarter last year. Franklin Electric’s reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.36 | 0.52 | 0.63 | 0.43 |
| EPS Actual | 0.59 | 0.57 | 0.83 | 0.54 |
| Revenue Estimate | 301.23 M | 311.74 M | 326.65 M | 296.39 M |
| Revenue Actual | 333.05 M | 321.11 M | 351.19 M | 308.28 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Franklin Electric were trading at $82.02 as of July 23. Over the last 52-week period, shares are up 47.02%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Franklin Electric is scheduled to hold the call at 09:00:00 ET and can be accessed here.
