Franklin's (BEN) third-quarter fiscal 2024 results reflect a rise in revenues and an improvement in the AUM balance.
While the top- and bottom-line numbers for Franklin Resources (BEN) give a sense of how the business performed in the quarter ended June 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 $0.60 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.63 per share a year ago.
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Lower volatility in the fixed-income market is likely to have hurt Franklin's (BEN) third-quarter performance. However, decent equity market returns might have offered some support.
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.
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Franklin's (BEN) strategic acquisitions, robust distribution platforms and diversification efforts are likely to drive revenue and AUM growth. However, rising costs and concentrated revenues are woes.
Franklin's (BEN) AUM balance in May 2024 benefits from positive markets, partially offset by long-term net outflows.