Franklin Electric Q1 2024 GAAP EPS $0.70 Misses $0.73 Estimate, Sales $460.900M Miss $477.682M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franklin Electric reported Q1 2024 earnings of $0.70 per share, missing the consensus estimate of $0.73, and sales of $460.9M, below the estimate of $477.682M. This represents a 4.88% decrease in sales compared to the same period last year.
April 30, 2024 | 12:01 pm
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NEGATIVE IMPACT
Franklin Electric's Q1 2024 earnings and sales missed analyst estimates, with a notable year-over-year decrease in sales.
Missing both earnings and sales estimates, especially with a significant year-over-year sales decrease, typically leads to negative investor sentiment and could result in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100