Franklin Electric Q2 EPS $1.26 Misses $1.32 Estimate, Sales $543.26M Miss $569.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franklin Electric (NASDAQ:FELE) reported Q2 earnings per share of $1.26, missing the analyst estimate of $1.32. Sales were $543.26 million, also below the $569.91 million estimate. Both EPS and sales showed a decline compared to the same period last year.
July 23, 2024 | 12:03 pm
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Franklin Electric's Q2 earnings and sales both missed analyst estimates, with declines in both metrics compared to the same period last year. This could negatively impact the stock price in the short term.
The company's Q2 EPS of $1.26 missed the $1.32 estimate by 4.55%, and sales of $543.26M missed the $569.91M estimate by 4.68%. Both metrics also showed a decline compared to the same period last year, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100