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 firm that provides investment solutions across various asset classes....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and generating income.

N/A

Assets Under Management (AUM)

AUM reflects the total market value of the investments managed by Franklin, which is critical for understanding its revenue potential.

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 across various asset classes. As part of the financial sector, it plays a crucial role in managing assets for individuals and institutions, helping them grow their wealth over time.

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 the last quarter, Franklin Resources reported an EPS of $0.71, exceeding expectations by nearly 30%. The stock reacted positively, gaining over 6% the following day.

Management Promises & Guidance

Focus on improving investment performance.
Commitment to enhancing client services.
Plans to expand product offerings.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Franklin's upcoming earnings, especially given its recent strong performance. However, there is uncertainty regarding net flows and AUM growth.

Bull Case

If the company reports strong net inflows and maintains or increases its AUM, it could signal robust demand for its investment products, leading to further stock price appreciation.

Bear Case

Conversely, if net outflows continue or AUM declines, it may raise concerns about the firm's competitiveness and ability to generate future revenue.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the latest net flows and how do they compare to previous quarters?

Net flows are crucial for assessing the company's growth trajectory and investor confidence in its products.

What is the current AUM and how does it reflect market conditions?

AUM is a key driver of revenue, and any significant changes could impact future earnings and investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Franklin to recover net flows based on recent market trends favoring active management.

Supporting Evidence

Recent strong EPS surprises indicate operational strength.

The options market is pricing a smaller move than historical averages suggest, indicating potential for a larger reaction.

Insider selling may not reflect company fundamentals but rather personal financial decisions.

Key Risk

If net flows show a significant turnaround, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the company's ability to attract and retain assets in a competitive market.

Bull Confirmed If

AUM growth of at least 5% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in AUM or continued net outflows would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±2.32%

Historical Avg

±4.7%

Pricing cheap

The options market is pricing in a modest move, suggesting that traders expect limited volatility around the earnings announcement.

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 strong demand for its investment products.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await more clarity on future growth.

Miss

A miss could lead to a decline of about 3.26%, raising concerns about the firm's competitive position.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Detailed commentary on net flows and AUM trends.
2Insights into competitive positioning in the asset management space.
3Updates on new product launches and their reception.
4Management's outlook on market conditions and investment strategies.
5Any changes in expense management or cost-cutting initiatives.

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Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and generating income.

N/A

Assets Under Management (AUM)

AUM reflects the total market value of the investments managed by Franklin, which is critical for understanding its revenue potential.

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 the last quarter, Franklin Resources reported an EPS of $0.71, exceeding expectations by nearly 30%. The stock reacted positively, gaining over 6% the following day.

Management Promises & Guidance

Focus on improving investment performance.
Commitment to enhancing client services.
Plans to expand product offerings.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Franklin's upcoming earnings, especially given its recent strong performance. However, there is uncertainty regarding net flows and AUM growth.

Bull Case

If the company reports strong net inflows and maintains or increases its AUM, it could signal robust demand for its investment products, leading to further stock price appreciation.

Bear Case

Conversely, if net outflows continue or AUM declines, it may raise concerns about the firm's competitiveness and ability to generate future revenue.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the latest net flows and how do they compare to previous quarters?

Net flows are crucial for assessing the company's growth trajectory and investor confidence in its products.

What is the current AUM and how does it reflect market conditions?

AUM is a key driver of revenue, and any significant changes could impact future earnings and investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Franklin to recover net flows based on recent market trends favoring active management.

Supporting Evidence

Recent strong EPS surprises indicate operational strength.

The options market is pricing a smaller move than historical averages suggest, indicating potential for a larger reaction.

Insider selling may not reflect company fundamentals but rather personal financial decisions.

Key Risk

If net flows show a significant turnaround, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the company's ability to attract and retain assets in a competitive market.

Bull Confirmed If

AUM growth of at least 5% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in AUM or continued net outflows would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±2.32%

Historical Avg

±4.7%

Pricing cheap

The options market is pricing in a modest move, suggesting that traders expect limited volatility around the earnings announcement.

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 strong demand for its investment products.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await more clarity on future growth.

Miss

A miss could lead to a decline of about 3.26%, raising concerns about the firm's competitive position.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Detailed commentary on net flows and AUM trends.
2Insights into competitive positioning in the asset management space.
3Updates on new product launches and their reception.
4Management's outlook on market conditions and investment strategies.
5Any changes in expense management or cost-cutting initiatives.