Franklin Electric Q3 EPS $1.23 Misses $1.29 Estimate, Sales $538.40M Miss $581.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franklin Electric (NASDAQ:FELE) reported Q3 earnings of $1.23 per share, missing the analyst consensus estimate of $1.29 by 4.65%. This is a 0.81% decrease from the same period last year. The company also reported quarterly sales of $538.40 million, missing the analyst consensus estimate of $581.57 million by 7.42%. This is a 2.41% decrease from the same period last year.
October 24, 2023 | 12:04 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Franklin Electric's Q3 earnings and sales missed analyst estimates, which could negatively impact the company's stock price in the short term.
Franklin Electric's earnings and sales for Q3 have both missed analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially leading to a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100