Franklin Electric Maintains FY2 Revenue Outlook Of $2.10B-$2.17B Vs. $2.11B Estimate; Company Cuts FY24 EPS Outlook To $4.16-$4.34 Vs. $4.28 Estimate
Portfolio Pulse from Benzinga Newsdesk
Franklin Electric maintains its FY24 revenue outlook at $2.10B-$2.17B but cuts its EPS outlook to $4.16-$4.34, reflecting first half performance and expectations for continued solid execution.
July 23, 2024 | 12:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Franklin Electric maintains its FY24 revenue outlook at $2.10B-$2.17B but cuts its EPS outlook to $4.16-$4.34, reflecting first half performance and expectations for continued solid execution.
The reduction in EPS outlook suggests potential challenges in profitability despite maintaining revenue guidance. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100