Overview

* Franklin Resources ( BEN ) Q3 revenue beats analyst expectations, per LSEG data

* Adjusted EPS for Q3 meets consensus estimates, per LSEG data

* Adjusted operating income for Q3 beats analyst expectations, per LSEG data

Outlook

* Company sees strong client demand across all asset classes

Result Drivers

* ETF PLATFORM - Achieved 15th consecutive qtr of positive net flows, reaching $44.1 bln in AUM, up 5% from prior qtr

* ALTERNATIVE ASSET FUNDRAISING - Generated $6.2 bln in fundraising, with $5.3 bln in private market assets, contributing to $19 bln fiscal year-to-date

* INTERNATIONAL NET FLOWS - Positive net flows internationally, with ending AUM of approximately $500 bln, reflecting strong client demand

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $2064000 $1603000

Revenue 000 000 (3

Analysts

)

Q3 Meet $0.49 $0.49 (8

Adjusted Analysts

EPS )

Q3 EPS $0.15

Q3 Net $92.30

Income mln

Q3 Beat $3778000 $3720000

Adjusted 00 00 (4

Operatin Analysts

g Income )

Q3 23.7%

Adjusted

Operatin

g Margin

Q3 $154.10

Operatin mln

g Income

Q3 7.5%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 4 "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "buy."

* Wall Street's median 12-month price target for Franklin Resources Inc ( BEN ) is $23.00, about 4.3% below its July 31 closing price of $24.00

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)