Stock Track | Franklin Covey Stock Plunges on Growth Concerns Despite Earnings Beat

Stock Track11-07

Franklin Covey Co. (FC) saw its stock price plummet 19.07% on November 7, 2024, despite reporting better-than-expected earnings for the fiscal fourth quarter. The professional services firm's adjusted earnings per share of $0.89 surpassed Wall Street expectations of $0.82, driven by a 7.9% increase in revenue to $84.12 million.

However, investors appeared to focus on potential growth concerns, as Franklin Covey's guidance for fiscal 2025 revenue fell short of analysts' projections. The company projected 2025 revenue in the range of $340 million to $355 million, trailing the consensus estimate of $365 million.

While Franklin Covey's earnings beat and revenue growth were positive signs, the market's reaction suggests that investors are worried about the company's ability to sustain its momentum in the face of a challenging economic environment. Analysts have also raised concerns about increased competition and the impact of rising costs on Franklin Covey's profitability.

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(FC) saw its stock price plummet 19.07% on November 7, 2024, despite reporting better-than-expected earnings for the fiscal fourth quarter. 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