Earnings Preview: Franklin Electric (FELE) Q4 Earnings Expected to Decline

Core Viewpoint - The market anticipates a year-over-year decline in Franklin Electric's earnings due to lower revenues, with a focus on how actual results will compare to these estimates [1][3]. Earnings Expectations - Franklin Electric is expected to report quarterly earnings of $0.69 per share, reflecting a year-over-year decrease of 15.9$465 million, which is a decline of 1.7% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.89% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.45% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, but it is more reliable for positive readings [6][7]. - Stocks with a positive Earnings ESP and a strong Zacks Rank have historically shown a nearly 70% chance of delivering a positive surprise [8]. Historical Performance - In the last reported quarter, Franklin Electric was expected to post earnings of $1.30 per share but only achieved$1.17, resulting in a surprise of -10% [12]. - The company has not beaten consensus EPS estimates in any of the last four quarters [13]. Conclusion - Franklin Electric does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding this stock ahead of its earnings release [16].