Franklin Resources (BEN) Beats Q3 Earnings and Revenue Estimates

分组1 - Franklin Resources reported quarterly earnings of $0.60 per share, exceeding the Zacks Consensus Estimate of $0.57 per share, but down from $0.63 per share a year ago, representing an earnings surprise of 5.26% [1] - The company generated revenues of $2.12 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.49% and increasing from $1.97 billion year-over-year [1] - Over the last four quarters, Franklin Resources has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [1] 分组2 - The stock has underperformed, losing about 20.7% since the beginning of the year, while the S&P 500 has gained 13.2% [2] - The current consensus EPS estimate for the upcoming quarter is $0.66 on revenues of $2.13 billion, and for the current fiscal year, it is $2.43 on revenues of $8.36 billion [4] - The Financial - Investment Management industry is currently ranked in the bottom 33% of over 250 Zacks industries, which may impact stock performance [5]