We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Franklin Resources (BEN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
Franklin Resources (BEN - Free Report) reported $1.97 billion in revenue for the quarter ended December 2022, representing a year-over-year decline of 11.6%. EPS of $0.51 for the same period compares to $1.08 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.8 billion, representing a surprise of +9.08%. The company delivered an EPS surprise of -5.56%, with the consensus EPS estimate being $0.54.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Franklin Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Asset under management - Alternative: $257.4 billion versus the three-analyst average estimate of $229.1 billion.
Asset under management-Total: $1387.7 billion versus the three-analyst average estimate of $1365 billion.
Asset under management-Cash Management: $75 billion compared to the $58.5 billion average estimate based on three analysts.
Asset under management-Multi-Asset/Balanced: $141.4 billion versus $148.6 billion estimated by three analysts on average.
Asset under management-Fixed income: $494.8 billion versus the three-analyst average estimate of $506.4 billion.
Asset under management-Equity: $419.1 billion compared to the $422.4 billion average estimate based on three analysts.
Shareholder servicing fees: $33.40 million versus $44.57 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -30% change.
Other, net: $10 million versus $11.21 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -43.2% change.
Sales and distribution fees: $291.90 million versus the three-analyst average estimate of $307.75 million. The reported number represents a year-over-year change of -26.7%.
Investment management fees: $1.63 billion compared to the $1.42 billion average estimate based on three analysts. The reported number represents a change of -7.3% year over year.
Shares of Franklin Resources have returned +16.5% over the past month versus the Zacks S&P 500 composite's +6.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Franklin Resources (BEN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Franklin Resources (BEN - Free Report) reported $1.97 billion in revenue for the quarter ended December 2022, representing a year-over-year decline of 11.6%. EPS of $0.51 for the same period compares to $1.08 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.8 billion, representing a surprise of +9.08%. The company delivered an EPS surprise of -5.56%, with the consensus EPS estimate being $0.54.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Franklin Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Franklin Resources here>>>
Shares of Franklin Resources have returned +16.5% over the past month versus the Zacks S&P 500 composite's +6.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.