Franklin Resources, Inc. (NYSE:BEN) is projected to declare fiscal second quarter financial results right before the stock market’s official open on May 03, 2017. The stock added about 4.4 percent in price since last results when it was at $40.77 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 11.79 percent over the past four quarters. Back on January 27, 2017, it posted earnings per-share earnings at $0.77 which beat the consensus $0.68 projection (positive surprise of13.24%. For the quarter, revenue came in at 1.56B versus consensus estimate of 1.59B. The stock dropped -1.1 percent the session following the earnings reports were released, and on 7th day price change was -2.13 percent.
On October 26, 2016, it reported earnings at $0.82 a share compared with the consensus estimate of $0.69 per share (positive surprise of 18.84%). Revenue of 1.61B for that quarter was below the $1.63B analysts had expected. The stock climbed 0.81% the day following the earnings announcement, and on 7th day price change was -3.2%.
On July 28, 2016, it recorded $0.77 a share in earnings which topped the consensus estimate of $0.66 (positive surprise of 16.67%). Revenue for the quarter was $1.63B while analysts called for revenues to be $1.62B. The stock gained 0.46% the day following the earnings data was made public, and on 7th day price change was 2.26%.
On April 27, 2016, it announced earnings per share at $0.61 versus the consensus estimate of $0.62 per share (negative surprise of -1.61%). That came on revenues of $1.61B for that period. Analysts had expected $1.65B in revenue.
Franklin Resources, Inc. Earnings Estimates
As Q2 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.66. The analysts’ present consensus range is $0.61-$0.72 for EPS. The market consensus range for revenue is between $1.46B and $1.57B, with an average of $1.52B.
Franklin Resources, Inc. (NYSE:BEN) last ended at $42.57, sending the company’s market cap near $24.07B. The consensus 12-month price target from analysts covering the stock is $39.55. The share price has declined -3.47% from its top level in 52 weeks and dropped 7.55% this year. It recently traded in a range of $42.46-$42.83 at a volume of 1381735 shares. The recent trading ended with the price nearly 0.45 higher for the last 5 trading days, rebounding 41.56% from its 52-week low.