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Franklin Resources, Inc. (NYSE:BEN ) Q1 2024 Earnings Conference Call April 29, 2024 11:00 AM ET Company Participants Selene Oh - Chief Communications Officer and Head, Investor Relations Jenny Johnson - President and Chief Executive Officer Matt Nicholls - Chief Financial Officer and Chief Operating Officer Adam Spector - Head, Global Distribution Conference Call Participants Craig Siegenthaler - Bank of America Glenn Schorr - Evercore Dan Fannon - Jefferies Ken Worthington - JPMorgan Alex Blostein - Goldman Sachs Bill Katz - TD Cowen Operator Welcome to Franklin Resources Earnings Conference Call for the quarter ended March 31, 2024. Hello. My name is Sylvie and I will be your call operator today.
Franklin's (BEN) second-quarter fiscal 2024 results display top-line strength and an improvement in the AUM balance, whereas higher expenses were concerning.
While the top- and bottom-line numbers for Franklin Resources (BEN) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Franklin Resources (BEN) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.61 per share a year ago.
Franklin Resources (BEN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
A financial advisor can help you understand the advantages and disadvantages of investment properties.
Evaluate the expected performance of Franklin Resources (BEN) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Higher shareholder servicing fees, and sales and distribution fees are expected to have driven Franklin's (BEN) Q2 revenues. Lower investment management fees and high costs are likely to have ailed.
Franklin Resources (BEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.