Recap: Franklin Electric Q2 Earnings

Franklin Electric FELE reported its Q2 earnings results on Tuesday, July 26, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Franklin Electric beat estimated earnings by 18.87%, reporting an EPS of $1.26 versus an estimate of $1.06.

Revenue was up $113.86 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 5.43% increase in the share price the next day.

Here's a look at Franklin Electric's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.63	0.63	0.90	0.80
EPS Actual	0.64	0.86	0.98	0.83
Revenue Estimate	424.62M	387.26M	432.60M	389.16M
Revenue Actual	451.47M	432.52M	459.02M	437.28M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Franklin Electric management provided guidance for FY 2022, expecting earnings between $4.0 and $4.2 per share.

To track all earnings releases for Franklin Electric visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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