Equity Profile

BEN

Franklin Resources, Inc.

FinancialsAsset Management & Custody Banks$17.2B

Apr24Thu

Pre-Earnings Brief

UpcomingQ3-2026Pre-Market9:00 AM EDT

Company Snapshot

Franklin Resources, Inc. (BEN) is a global investment management firm that provides investment solutions and services to clients worldwide....

Key Metrics to Watch

Assets Under Management (AUM)

AUM is a critical indicator of the company's size and market position, reflecting its ability to attract and retain clients.

N/A

Net Flows

Positive net flows indicate strong client demand and confidence in Franklin's investment strategies, which can drive revenue growth.

N/A

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 firm that provides investment solutions and services to clients worldwide. Operating in the financial sector, it plays a significant role in asset management and custody banking, which are crucial for managing and safeguarding client assets.

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 earnings per share (EPS) of $0.71, exceeding expectations by 29.56%. The stock reacted positively, gaining 6.86% the following day.

Management Promises & Guidance

Focus on enhancing client engagement and retention strategies.
Commitment to improving investment performance across key funds.
Plans to expand product offerings to meet evolving market demands.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Franklin's upcoming earnings, given its recent strong performance and positive surprises in previous quarters.

Bull Case

If Franklin continues its trend of exceeding EPS expectations, it could see a significant boost in stock price and investor confidence.

Bear Case

Conversely, any signs of declining AUM or negative net flows could raise concerns about the company's growth prospects and lead to a stock price decline.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the latest figures for Assets Under Management (AUM) and net flows?

These metrics will provide insight into client demand and the company's competitive position in the asset management industry.

How does Franklin plan to address any recent challenges in investment performance?

Management's response will be crucial for understanding their strategy to retain clients and attract new investments.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Franklin's ability to maintain AUM growth despite market volatility, as recent performance metrics suggest resilience.

Supporting Evidence

Franklin has consistently beaten EPS estimates in the last few quarters, indicating strong operational performance.

The options market is pricing a smaller move than historical averages, suggesting a potential mispricing of risk.

Recent trends in net flows have shown signs of stabilization, contrary to broader market concerns.

Key Risk

If AUM growth exceeds 5%, it could challenge the consensus view on Franklin's market position.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the company's ability to manage client assets effectively and maintain investment performance.

Bull Confirmed If

AUM growth of +5% or better, indicating strong client retention and new business.

Bear Confirmed If

AUM decline of more than 2%, signaling potential loss of client confidence.

Pre-Earnings Positioning

Options Market

Implied Move

±2.32%

Historical Avg

±4.67%

Pricing cheap

The options market is pricing in a modest move around earnings, suggesting that investors are not anticipating significant volatility.

Options are pricing a smaller move than the historical average, indicating a potentially undervalued setup.

Detail

ATM IV

0.3%

30d HV

31.5%

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

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options cheap in Financials

n=30

Fade rate: 12 of 25 (48%)

This setup has occurred 30 times across Financials in the last 2 years. 12 of 25 faded and 13 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.4%, with a raw directional average of -0.0% (roughly flat historical bias).

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 strong operational momentum.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors assess management's commentary for future guidance.

Miss

A miss could result in a decline of about -3.26%, as it would raise concerns about the company's growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on Assets Under Management (AUM) and net flows.
2Management's outlook on investment performance and client retention strategies.
3Any new product offerings or strategic initiatives planned for the upcoming quarter.
4Insights into market conditions affecting the asset management industry.
5Responses to any challenges faced in recent months.

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Company Snapshot

Franklin Resources, Inc. (BEN) is a global investment management firm that provides investment solutions and services to clients worldwide....

Key Metrics to Watch

Assets Under Management (AUM)

AUM is a critical indicator of the company's size and market position, reflecting its ability to attract and retain clients.

N/A

Net Flows

Positive net flows indicate strong client demand and confidence in Franklin's investment strategies, which can drive revenue growth.

N/A

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

In Q2-2026, Franklin Resources reported an earnings per share (EPS) of $0.71, exceeding expectations by 29.56%. The stock reacted positively, gaining 6.86% the following day.

Management Promises & Guidance

Focus on enhancing client engagement and retention strategies.
Commitment to improving investment performance across key funds.
Plans to expand product offerings to meet evolving market demands.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Franklin's upcoming earnings, given its recent strong performance and positive surprises in previous quarters.

Bull Case

If Franklin continues its trend of exceeding EPS expectations, it could see a significant boost in stock price and investor confidence.

Bear Case

Conversely, any signs of declining AUM or negative net flows could raise concerns about the company's growth prospects and lead to a stock price decline.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the latest figures for Assets Under Management (AUM) and net flows?

These metrics will provide insight into client demand and the company's competitive position in the asset management industry.

How does Franklin plan to address any recent challenges in investment performance?

Management's response will be crucial for understanding their strategy to retain clients and attract new investments.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Franklin's ability to maintain AUM growth despite market volatility, as recent performance metrics suggest resilience.

Supporting Evidence

Franklin has consistently beaten EPS estimates in the last few quarters, indicating strong operational performance.

The options market is pricing a smaller move than historical averages, suggesting a potential mispricing of risk.

Recent trends in net flows have shown signs of stabilization, contrary to broader market concerns.

Key Risk

If AUM growth exceeds 5%, it could challenge the consensus view on Franklin's market position.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the company's ability to manage client assets effectively and maintain investment performance.

Bull Confirmed If

AUM growth of +5% or better, indicating strong client retention and new business.

Bear Confirmed If

AUM decline of more than 2%, signaling potential loss of client confidence.

Pre-Earnings Positioning

Options Market

Implied Move

±2.32%

Historical Avg

±4.67%

Pricing cheap

The options market is pricing in a modest move around earnings, suggesting that investors are not anticipating significant volatility.

Options are pricing a smaller move than the historical average, indicating a potentially undervalued setup.

Detail

ATM IV

0.3%

30d HV

31.5%

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

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options cheap in Financials

n=30

Fade rate: 12 of 25 (48%)

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 strong operational momentum.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors assess management's commentary for future guidance.

Miss

A miss could result in a decline of about -3.26%, as it would raise concerns about the company's growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on Assets Under Management (AUM) and net flows.
2Management's outlook on investment performance and client retention strategies.
3Any new product offerings or strategic initiatives planned for the upcoming quarter.
4Insights into market conditions affecting the asset management industry.
5Responses to any challenges faced in recent months.