BEN Earnings Prediction
The chart below shows how BEN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BEN sees a -0.61% change in stock price 10 days leading up to the earnings, and a +1.52% change 10 days following the report. On the earnings day itself, the stock moves by -0.15%. This data can give you a slight idea of what to expect for the next quarter's release.
BEN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.29B
14.19%
7.18%
Gross Margin
--
--
--
Operating Margin
18.77%
-13.54%
20.63%
Net Margin
-2.43%
-114.01%
-122.42%
EPS
-0.18
-131.03%
-156.25%
No Data Available
BEN Earnings Analysis
Franklin Resources, Inc. Corporation (BEN.N) Earnings Conference Call
Positive
AUM Growth Analysis: Ending AUM reached $1.68 trillion, reflecting an increase of 2% from the prior quarter, and average AUM was $1.67 trillion, also a 2% increase from the prior quarter.
Revenue Increase Analysis: Adjusted operating revenues increased by 4% to $1.7 billion from the prior quarter due to higher average AUM and higher adjusted performance fees.
Performance Fee Increase: Adjusted performance fees were $72 million, compared to $57 million in the prior quarter.
Adjusted Fee Rate Stability: This quarter's adjusted effective fee rate, which excludes performance fees, stayed relatively flat at 37.4 basis points compared to 37.5 basis points in the prior quarter.
Operating Income Increase: Our adjusted operating income increased 6% from the prior quarter to $452 million.
Negative
Operating Income Decline: Adjusted operating income decreased by 6% from the prior year to $452 million, primarily due to a higher tax rate from discrete tax expenses in the current quarter and foreign exchange losses, partially offset by higher investment income.
Earnings Per Share Decline: Adjusted diluted earnings per share decreased by 8% to $2.39, primarily due to a decline in operating income and a higher tax rate, partially offset by higher investment income.
Net Inflows and Distributions: Long-term net inflows were $32.6 billion for the fiscal year, and reinvestment distributions were $20.7 billion, indicating a significant outflow compared to the previous year.
Unfunded Mandates Decline: The institutional pipeline of won but unfunded mandates was $15.8 billion, showing a decrease in potential revenue generation compared to previous periods.
Operating Expenses Increase: Adjusted operating expenses were $1.3 billion, an increase of 3% from the prior quarter due to higher incentive compensation, advertising, and professional fees.
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BEN Earning Call Sentiment
Franklin Resources, Inc. (BEN) Q4 2024 Earnings Call Transcript
1.0x
00:00
00:00
BEN.N
-1.32%Positive
The earnings call summary shows mixed results. Despite positive aspects like AUM growth and shareholder returns, there are significant concerns: net outflows, decreasing margins, and unclear guidance on key issues. The Q&A section highlighted analysts' concerns about Western Asset's impact and management's vague responses. These factors, coupled with a decline in operating income and EPS, suggest a negative market reaction, likely in the range of -2% to -8% over the next two weeks.