Franklin Electric Earnings Preview
Portfolio Pulse from Benzinga Insights
Franklin Electric (NASDAQ:FELE) is scheduled to release its quarterly earnings report on February 13, 2024, with an estimated EPS of $0.84. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for future growth. Historical data shows a mixed reaction to past earnings reports, with the stock price fluctuating based on earnings performance. Shares have been trading at $99.48 as of February 09, showing a 4.88% increase over the last 52 weeks.
February 12, 2024 | 5:01 pm
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Franklin Electric is expected to report an EPS of $0.84 for the upcoming quarter. Historical performance shows sensitivity to earnings reports and guidance. Shares have increased by 4.88% over the last year.
Given the positive anticipation around beating the EPS estimate and the historical sensitivity of FELE's stock price to earnings performance and guidance, there is a potential for short-term price appreciation if the company reports favorable results and provides optimistic future guidance. The recent upward trend in the stock price further supports a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100