Core Viewpoint - Analysts project that Franklin Resources (BEN) will report quarterly earnings of $0.60 per share, reflecting a year-over-year decline of 28.6%, while revenues are expected to reach $2.12 billion, an increase of 6.7% from the same quarter last year [1]. Earnings Projections - The consensus EPS estimate has been revised 2.8% lower over the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts expect 'Operating Revenues- Other' to be $11.83 million, a 46.1% increase year-over-year [5]. - 'Operating Revenues- Investment management fees' are projected to reach $1.66 billion, reflecting a 1.7% increase from the previous year [5]. - 'Operating Revenues- Shareholder servicing fees' are expected to be $63.34 million, indicating a 70.3% increase year-over-year [6]. - 'Operating Revenues- Sales and distribution fees' are forecasted to reach $353.23 million, a 15.3% increase from the prior year [6]. Assets Under Management (AUM) - 'Assets Under Management - Fixed income' is expected to reach $568.87 billion, up from $483.1 billion in the same quarter last year [7]. - 'Assets Under Management - Multi-Asset' is projected at $176.17 billion, compared to $145 billion a year ago [7]. - 'Assets Under Management - Equity' is anticipated to be $614.05 billion, up from $430.4 billion year-over-year [8]. - Total 'Assets Under Management' is expected to reach $1,687.32 billion, compared to $1,374.2 billion in the same quarter last year [8]. - 'Assets Under Management - Alternative' is projected at $259.15 billion, slightly up from $254.9 billion year-over-year [9]. - 'Assets Under Management - Cash Management' is expected to be $69.08 billion, compared to $60.8 billion a year ago [9]. Market Performance - Shares of Franklin Resources have returned +5.1% over the past month, outperforming the Zacks S&P 500 composite's +1% change [9].
Ahead of Franklin Resources (BEN) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics