Franklin Electric Expects FY24 Sales Of $2.10B-$2.17B Vs. $2.14B Est., EPS Of $4.22-$4.40 Vs. $4.37 Est.
Portfolio Pulse from Benzinga Newsdesk
Franklin Electric projects its FY24 sales to range between $2.10B and $2.17B, compared to the estimated $2.14B. The company also forecasts EPS to be between $4.22 and $4.40, against an estimate of $4.37.
February 13, 2024 | 1:06 pm
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Franklin Electric forecasts FY24 sales and EPS that closely align with analyst estimates, indicating stable financial expectations.
Franklin Electric's FY24 sales and EPS projections are very close to analyst estimates, suggesting that the company's financial performance is expected to be stable. This alignment with expectations indicates neither a significant positive nor negative surprise to investors, hence the neutral score. The high relevance, importance, and confidence scores reflect the direct impact of this forecast on Franklin Electric's financial outlook and investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100