Franklin Resources, Inc. (NYSE:BEN) is projected to declare fiscal first quarter financial results right before the stock market’s official open on February 02, 2017. The stock added about 16.4 percent in price since last results when it was at $34.64 a share. Based on the most relevant past-periods data, there is an 53.57 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 15 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 41% of the time in its last 12 earnings reports. It fell short of earnings estimates on 7 occasions, and it has met expectations 0 time.
Here’s how traders responded to BEN earnings announcements over the past few quarters.
Franklin Resources, Inc. (BEN) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 8.14 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.82 which beat the consensus $0.69 projection (positive surprise of18.84%. For the quarter, revenue came in at 1.61B versus consensus estimate of 1.63B. The stock gained 0.81 percent the session following the earnings reports were released, and on 7th day price change was -3.2 percent.
On July 28, 2016, it reported earnings at $0.77 a share compared with the consensus estimate of $0.66 per share (positive surprise of 16.67%). Revenue of 1.63B for that quarter was above the $1.62B analysts had expected. The stock climbed 0.46% the day following the earnings announcement, and on 7th day price change was 2.26%.
On April 27, 2016, it recorded $0.61 a share in earnings which missed the consensus estimate of $0.62 (negative surprise of -1.61%). Revenue for the quarter was $1.61B while analysts called for revenues to be $1.65B. The stock dropped -1.32% the day following the earnings data was made public, and on 7th day price change was -8.4%.
On February 3, 2016, it announced earnings per share at $0.74 versus the consensus estimate of $0.75 per share (negative surprise of -1.33%). That came on revenues of $1.76B for that period. Analysts had expected $1.77B in revenue.
Franklin Resources, Inc. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.69. The analysts’ present consensus range is $0.65-$0.71 for EPS. The market consensus range for revenue is between $1.47B and $1.61B, with an average of $1.55B.
Franklin Resources, Inc. (NYSE:BEN) last ended at $40.4, sending the company’s market cap near $22.89B. The consensus 12-month price target from analysts covering the stock is $38.42. The share price has declined -3.74% from its top level in 52 weeks and dropped 2.07% this year. It recently traded in a range of $40.08-$40.73 at a volume of 1619334 shares. The recent trading ended with the price nearly -0.1 lower for the last 5 trading days, rebounding 34.34% from its 52-week low.