Equity Profile

BEN

Franklin Resources, Inc.

FinancialsAsset Management & Custody Banks$16.3B

Apr24Thu

Pre-Earnings Brief

UpcomingQ3-2026Pre-Market9:00 AM EDT

Company Snapshot

Franklin Resources, Inc. (BEN) is a global investment management organization that provides investment solutions across various asset classes....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely watch.

Expected to be around $0.71.

Assets Under Management (AUM)

AUM reflects the total market value of the investments managed by Franklin, indicating its market position and growth potential.

Not available.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BEN Q3-2026 Earnings Preview

Context

Company Snapshot

Franklin Resources, Inc. (BEN) is a global investment management organization that provides investment solutions across various asset classes. As a player in the financial sector, it plays a crucial role in managing assets for individuals and institutions, influencing market trends and investor behavior.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+11.90%

Avg Stock Reaction

+2.11%

Last Quarter Recap

In Q2-2026, Franklin Resources reported an EPS of $0.71, surpassing estimates by 29.56%, which led to a positive market reaction with a 6.86% stock increase the following day. However, revenue details were not disclosed.

Management Promises & Guidance

Management committed to maintaining strong investment performance.
They emphasized a focus on expanding their product offerings.
Plans to enhance client engagement through technology were highlighted.

Expectations

Wall Street Expectations

Overall, investors are optimistic about Franklin's upcoming earnings, especially given its strong EPS performance in recent quarters. However, the lack of detailed revenue guidance raises some concerns.

Bull Case

If Franklin continues its trend of beating EPS estimates, it could signal robust operational efficiency and strong market demand, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a decline in investor confidence and a drop in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $0.71.

EPS is a key indicator of the company's profitability and financial health, which investors closely watch.

Assets Under Management (AUM)

Not available.

AUM reflects the total market value of the investments managed by Franklin, indicating its market position and growth potential.

Net Flows

Not available.

Positive net flows suggest that more money is coming into the funds than going out, which is vital for growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q3-2026?

Given the company's recent strong EPS performance, this figure will be critical in determining market sentiment and stock movement.

What insights can management provide on net flows and AUM?

Understanding the trends in net flows and AUM will give investors a clearer picture of the company's growth trajectory and market competitiveness.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Franklin's ability to maintain high EPS growth due to its recent strategic investments and market positioning.

Supporting Evidence

Franklin has consistently beaten EPS estimates, suggesting strong underlying performance.

The lack of revenue guidance may lead to conservative estimates that do not reflect potential growth.

Insider selling could indicate a strategic shift rather than a lack of confidence in the company's future.

Key Risk

If net flows turn positive, it could significantly alter the outlook and challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Franklin can sustain its recent earnings momentum amidst competitive pressures in the asset management industry.

Bull Confirmed If

An EPS of $0.75 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.65 would support the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±2.32%

Historical Avg

±4.7%

Pricing cheap

The options market is pricing in a modest move for the stock, suggesting that investors are uncertain about significant surprises in either direction.

Options are pricing ±2.3% while BEN has averaged ±4.7% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.3%

30d HV

31.5%

Calls (10K)P/C Ratio: 1.07Puts (20K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$19.0M

1,672,535.211 sh

1 insider

Net

$19.0M

Net selling

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Franklin beats expectations, history suggests a potential stock increase of around 2.88%, confirming the company's strong operational performance.

In-Line / Cautious

If results are in line but management is cautious, the stock may remain flat or see a slight decline as investors reassess growth prospects.

Miss

Should the company miss expectations, the average historical reaction indicates a potential decline of about 3.26%, which could shake investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the company's strategic initiatives to enhance AUM.
2Details on client engagement strategies and their effectiveness.
3Insights into market conditions affecting investment flows.
4Management's outlook on competitive pressures in the asset management industry.
5Any commentary on cost management and operational efficiency.

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Company Snapshot

Franklin Resources, Inc. (BEN) is a global investment management organization that provides investment solutions across various asset classes....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely watch.

Expected to be around $0.71.

Assets Under Management (AUM)

AUM reflects the total market value of the investments managed by Franklin, indicating its market position and growth potential.

Not available.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BEN Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+11.90%

Avg Stock Reaction

+2.11%

Last Quarter Recap

Management Promises & Guidance

Management committed to maintaining strong investment performance.
They emphasized a focus on expanding their product offerings.
Plans to enhance client engagement through technology were highlighted.

Expectations

Wall Street Expectations

Bull Case

If Franklin continues its trend of beating EPS estimates, it could signal robust operational efficiency and strong market demand, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a decline in investor confidence and a drop in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $0.71.

EPS is a key indicator of the company's profitability and financial health, which investors closely watch.

Assets Under Management (AUM)

Not available.

AUM reflects the total market value of the investments managed by Franklin, indicating its market position and growth potential.

Net Flows

Not available.

Positive net flows suggest that more money is coming into the funds than going out, which is vital for growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q3-2026?

Given the company's recent strong EPS performance, this figure will be critical in determining market sentiment and stock movement.

What insights can management provide on net flows and AUM?

Understanding the trends in net flows and AUM will give investors a clearer picture of the company's growth trajectory and market competitiveness.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Franklin's ability to maintain high EPS growth due to its recent strategic investments and market positioning.

Supporting Evidence

Franklin has consistently beaten EPS estimates, suggesting strong underlying performance.

The lack of revenue guidance may lead to conservative estimates that do not reflect potential growth.

Insider selling could indicate a strategic shift rather than a lack of confidence in the company's future.

Key Risk

If net flows turn positive, it could significantly alter the outlook and challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Franklin can sustain its recent earnings momentum amidst competitive pressures in the asset management industry.

Bull Confirmed If

An EPS of $0.75 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.65 would support the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±2.32%

Historical Avg

±4.7%

Pricing cheap

The options market is pricing in a modest move for the stock, suggesting that investors are uncertain about significant surprises in either direction.

Options are pricing ±2.3% while BEN has averaged ±4.7% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.3%

30d HV

31.5%

Calls (10K)P/C Ratio: 1.07Puts (20K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$19.0M

1,672,535.211 sh

1 insider

Net

$19.0M

Net selling

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Franklin beats expectations, history suggests a potential stock increase of around 2.88%, confirming the company's strong operational performance.

In-Line / Cautious

If results are in line but management is cautious, the stock may remain flat or see a slight decline as investors reassess growth prospects.

Miss

Should the company miss expectations, the average historical reaction indicates a potential decline of about 3.26%, which could shake investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the company's strategic initiatives to enhance AUM.
2Details on client engagement strategies and their effectiveness.
3Insights into market conditions affecting investment flows.
4Management's outlook on competitive pressures in the asset management industry.
5Any commentary on cost management and operational efficiency.