Franklin Electric Maintains FY24 EPS $4.22-$4.44 Vs $4.30 Est.; Revenue $2.10B-$2.17B Vs $2.12B Est.
Portfolio Pulse from Benzinga Newsdesk
Franklin Electric has announced its fiscal year 2024 earnings per share (EPS) guidance to be in the range of $4.22 to $4.44, compared to the estimated $4.30. The company also expects revenue to be between $2.10 billion and $2.17 billion, aligning closely with the estimated $2.12 billion.

April 30, 2024 | 12:03 pm
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Franklin Electric's FY24 EPS and revenue guidance align closely with analyst estimates, indicating stable financial expectations.
Franklin Electric's guidance for FY24 EPS and revenue closely matches analyst estimates, suggesting that the company's financial performance is expected to be stable. This alignment with expectations indicates no significant surprises that would drastically alter investor sentiment in the short term. Therefore, the impact on the stock price is likely to be neutral, as the guidance confirms rather than exceeds or falls short of market expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100