What's in the Cards for Franklin as It Gears Up to Report Q4 Earnings?

Zacks10-28

Franklin Resources Inc. BEN is scheduled to report fourth-quarter fiscal 2024 results (ended Sept. 30) on Nov. 4, before market open. While BEN’s quarterly earnings are anticipated to have declined ...

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While BEN’s quarterly earnings are anticipated to have declined ...</p>\n\n<a href=\"https://finance.yahoo.com/news/whats-cards-franklin-gears-report-154800604.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's in the Cards for Franklin as It Gears Up to Report Q4 Earnings?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's in the Cards for Franklin as It Gears Up to Report Q4 Earnings?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-28 23:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/whats-cards-franklin-gears-report-154800604.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Franklin Resources Inc. BEN is scheduled to report fourth-quarter fiscal 2024 results (ended Sept. 30) on Nov. 4, before market open. While BEN’s quarterly earnings are anticipated to have declined ...</p>\n\n<a href=\"https://finance.yahoo.com/news/whats-cards-franklin-gears-report-154800604.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FELE","symbol_name":"富兰克林电子","start_time":0,"source_url":"https://finance.yahoo.com/news/whats-cards-franklin-gears-report-154800604.html","article_id":"2479733437","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/NytQ59EoEPyaPZIq5blNOA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f4da27ef25968ca5e093b20f43a1bb87"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479733437","pubTimestamp":1730130480,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, Franklin’s earnings topped the Zacks Consensus Estimate on increased asset under management  balances. However, higher expenses were headwinds.Franklin’s earnings beat the consensus estimate in three of the trailing four quarters and missed in one, the average earnings surprise being 14.39%.Franklin Resources, Inc. price-eps-surprise | Franklin Resources, Inc. Quote. In the July-September quarter, the S&P 500 Index rose more than 5%, indicating favorable market performance. The fixed-income market reflected positive flow trends. The equity markets could not catch up with the fixed-income markets. Hence, the September-end quarter’s performances of asset managers are expected to have been positively impacted by decent fixed-income market returns. However, weak equity markets are anticipated to have offset growth to some extent.On the cost front, the company’s initiatives to leverage ong","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FELE":"富兰克林电子","BEN":"富兰克林资源"},"translate_title":"富兰克林准备报告第四季度收益时会发生什么？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FELE":1,"BEN":0.9},"content_text":"Franklin Resources Inc. BEN is scheduled to report fourth-quarter fiscal 2024 results (ended Sept. 30) on Nov. 4, before market open. While BEN’s quarterly earnings are anticipated to have declined from the year-ago reported level, revenues are expected to have risen.\nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nIn the last reported quarter, Franklin’s earnings topped the Zacks Consensus Estimate on increased asset under management (AUM) balances. However, higher expenses were headwinds.\nFranklin’s earnings beat the consensus estimate in three of the trailing four quarters and missed in one, the average earnings surprise being 14.39%.\nFranklin Resources, Inc. Price and EPS Surprise\n\n\nFranklin Resources, Inc. price-eps-surprise | Franklin Resources, Inc. Quote\n\nKey Factors & Estimates for BEN in Q4\nIn the July-September quarter, the S&P 500 Index rose more than 5%, indicating favorable market performance. The fixed-income market reflected positive flow trends. The equity markets could not catch up with the fixed-income markets. Hence, the September-end quarter’s performances of asset managers are expected to have been positively impacted by decent fixed-income market returns. However, weak equity markets are anticipated to have offset growth to some extent.\nPer the monthly metrics data published by Franklin, its preliminary total AUM as of Sept. 30, 2024, was $1.68 trillion, flat with the Aug. 31, 2024 reported AUM. The September-end AUM reflected the positive impacts of markets, partially offset by long-term net outflows. The Zacks Consensus Estimate for fourth-quarter AUM is pegged at $1.69 trillion, indicating growth of 18% from the prior-year quarter’s actual. Our estimate for the metric is pegged at $1.7 trillion.\nWith high volatility in equity markets, client activity was solid in the quarter. Thus, asset managers’ top lines are expected to have been positively impacted, driven by higher performance fees and investment advisory fees, which constitute most of their revenues.\nThe Zacks Consensus Estimate for investment management fee is pegged at $1.66 billion, indicating a year-over-year increase of 1.7%. Our estimate for the same is pegged at $1.71 billion.\nThe consensus estimate for sales and distribution fees of $353.2 million indicates a 15.3% surge from the prior-year quarter’s reported figure. We estimate the metric to be $335.6 million.\nThe consensus estimate for shareholder servicing fees of $63.3 million suggests a 70.3% surge from the prior-year quarter’s actual. The Zacks Consensus Estimate for other revenues is pegged at $11.8 million, calling for a year-over-year increase of 46%. Our estimate for shareholder servicing fees and other revenues is pegged at $50.3 million and $11.2 million, respectively.\nOn the cost front, the company’s initiatives to leverage ongoing technological advancements are likely to have led to cost upsurges. Talent acquisitions are likely to have kept the expense level high.\nBEN’s Q4 Guidance\nManagement expects to incur additional $3-million costs in the information systems and technology budget as part of the initial implementation costs.Occupancy expenses are projected to be $77 million, whereas the company reported $104.8 million in the previous quarter.General, administrative and other expenses are estimated to be $175-$180 million.\nManagement projects Compensation & Benefits of $825 million, including $50 million of performance fees, suggesting a decline from the $893.8 million reported in 2023.\nInformation systems and technology expenses are anticipated between $150 million and $155 million.\nWhat Our Model Predicts for BEN\nOur proven model does not conclusively predict an earnings beat for Franklin this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.\nYou can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.\nEarnings ESP: Franklin has an Earnings ESP of +1.57%.\nZacks Rank: BEN currently has a Zacks Rank of 4 (Sell).\nThe Zacks Consensus Estimate for BEN’s earnings of 60 cents per share for fourth-quarter fiscal 2024 has been unchanged over the past week. Also, the figure suggests a decline of 28.6% from the prior-year quarter’s actual.\nThe consensus estimate for revenues is pegged at $2.12 billion, indicating a year-over-year rise of 6.7%.\nBEN Peers Worth a Look\nHere are a couple of asset managers that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time:\nT. Rowe Price Group, Inc. TROW is scheduled to release third-quarter 2024 earnings on Nov. 1. The company has a Zacks Rank #2 and an Earnings ESP of +0.93% at present. You can see the complete list of today’s Zacks #1 Rank stocks here.\nTROW’s quarterly earnings estimates have been revised upward to $2.36 per share over the past week.\nHamilton Lane HLNE is scheduled to release first-quarter fiscal 2025 earnings on Nov. 6. The company, which flaunts a Zacks Rank #1 at present, has an Earnings ESP of +0.63%.\nHLNE’s quarterly earnings estimates have been unchanged at $1.06 over the past week.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nFranklin Resources, Inc. (BEN) : Free Stock Analysis Report\nT. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report\nHamilton Lane Inc. (HLNE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479733437"}