Franklin Electric's revenue declined 5% in Q2, missing expectations. Water treatment and surface pumping segments showed positive growth. Longer-term growth opportunities exist in groundwater and water treatment. Analyst anticipates 4% growth over the next three years for FELE. FELE is considered a solid investment despite current market headwinds.
- Wall Street expects a year-over-year decline in earnings and revenues for Franklin Electric. - Analysts revised EPS estimate 1.92% higher in the last 30 days. - Due to an Earnings ESP of -1.79%, it's difficult to predict a beat. - Positive Earnings ESP combined with Zacks Rank 1, 2, or 3 predicts earnings beat. - Analysts examine surprise history for gauging influence on upcoming numbers. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings