Franklin Electric Q3 2024 GAAP EPS $1.17 Misses $1.31 Estimate, Sales $531.438M Miss $555.878M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franklin Electric reported Q3 2024 earnings per share of $1.17, missing the analyst estimate of $1.31. Sales were $531.438 million, below the expected $555.878 million. Both earnings and sales decreased compared to the same period last year.
October 29, 2024 | 12:03 pm
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NEGATIVE IMPACT
Franklin Electric's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $1.17 and sales at $531.438M. This represents a decrease from the previous year, likely impacting stock prices negatively.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. The decrease in both metrics compared to the previous year further adds to the negative sentiment, likely leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100