Preview: Franklin Resources's Earnings
Portfolio Pulse from Benzinga Insights
Franklin Resources (NYSE:BEN) is expected to report quarterly earnings on Monday, with an EPS estimate of $0.57. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, BEN's stock price has shown mixed reactions to past earnings performances. Shares are currently trading at $27.48, down 11.32% over the last 52 weeks. Long-term shareholders may be bearish ahead of the earnings release.
January 26, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Franklin Resources is anticipated to report an EPS of $0.57 for the quarter. Investors will focus on earnings beat and future guidance. Stock is down 11.32% over the past year, trading at $27.48.
The short-term impact on BEN's stock price will likely hinge on whether the company beats the EPS estimate and provides positive guidance. Historical data shows mixed price reactions post-earnings, indicating uncertainty. The current downward trend in stock price suggests a bearish sentiment among long-term investors, which could temper any positive reaction to an earnings beat unless guidance is strong.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100