Franklin Electric (NASDAQ:FELE) reported its Q2 earnings results on Tuesday, July 26, 2022 at 08:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Franklin Electric beat estimated earnings by 18.87%, reporting an EPS of $1.26 versus an estimate of $1.06.
Revenue was up $113.86 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 5.43% increase in the share price the next day.
Here’s a look at Franklin Electric’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.63 | 0.63 | 0.90 | 0.80 |
| EPS Actual | 0.64 | 0.86 | 0.98 | 0.83 |
| Revenue Estimate | 424.62M | 387.26M | 432.60M | 389.16M |
| Revenue Actual | 451.47M | 432.52M | 459.02M | 437.28M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Franklin Electric management provided guidance for FY 2022, expecting earnings between $4.0 and $4.2 per share.
To track all earnings releases for Franklin Electric visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
