Franklin Electric Sees FY23 Sales Of $2.05B - $2.15B Vs. $2.16B Est; FY23 EPS Of $4.07 - $4.17 Vs. $4.29 Est.
Portfolio Pulse from Benzinga Newsdesk
Franklin Electric has projected its FY23 sales to be between $2.05B and $2.15B, which is lower than the estimated $2.16B. The company also expects its FY23 EPS to be between $4.07 and $4.17, lower than the estimated $4.29.
October 24, 2023 | 12:06 pm
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NEGATIVE IMPACT
Franklin Electric's lower than expected FY23 sales and EPS projections may negatively impact its stock price in the short term.
Franklin Electric's projected FY23 sales and EPS are lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100