Franklin Resources First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Franklin Resources (NYSE:BEN) will unveil its latest earnings tomorrow, Friday, February 1, 2013.  Franklin Resources is a global investment manager that offers investment vehicles for clients, including individuals, institutions, and trusts.

Franklin Resources Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $2.38 per share, a rise of 8.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $2.36. Between one and three months ago, the average estimate moved down. It has risen from $2.35 during the last month. Analysts are projecting profit to rise by 9.9% versus last year to $9.84.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at net income of $2.31 a share versus the estimate of profit of $2.30 a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the fourth quarter of the last fiscal year, profit rose 18.3% to $492.1 million ($2.30 a share) from $416 million ($1.89 a share) the year earlier, exceeding analyst expectations. Revenue rose 16.6% to $1.88 billion from $1.61 billion.

Here’s how Franklin Resources traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: