Franklin Electric (FELE) Q4 Earnings and Revenues Top Estimates

Core Insights - Franklin Electric reported quarterly earnings of $0.72 per share, exceeding the Zacks Consensus Estimate of$ 0.69 per share, but down from $0.82 per share a year ago, indicating a 12.2% year-over-year decline [1] - The company achieved revenues of$ 485.75 million for the quarter, surpassing the Zacks Consensus Estimate by 4.46% and showing a year-over-year increase from $472.97 million [2] - The stock has underperformed the market with a 2.6% gain since the beginning of the year compared to the S&P 500's 4% gain [3] Earnings Performance - The earnings surprise for the recent quarter was 4.35%, while the previous quarter saw a negative surprise of -10% [1][2] - Over the last four quarters, Franklin Electric has only surpassed consensus EPS estimates once [2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.78 on revenues of $477.5 million, and for the current fiscal year, it is$ 4.26 on revenues of $2.09 billion [7] - The estimate revisions trend for Franklin Electric is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Manufacturing - Electronics industry, to which Franklin Electric belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - The performance of Franklin Electric's stock may be influenced by the overall industry outlook and trends in earnings estimate revisions [5][8]