Equity Profile

BEN

Franklin Resources, Inc.

FinancialsAsset Management & Custody Banks$17.1B

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 to clients worldwide....

Key Metrics to Watch

Earnings Per Share (EPS)

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

N/A

Assets Under Management (AUM)

AUM reflects the total market value of the investments managed by Franklin, influencing revenue from management fees.

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 organization that provides investment solutions to clients worldwide. As a player in the financial sector, it focuses on asset management and custody banking, which are essential for managing and safeguarding investments for individuals and institutions.

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, significantly beating estimates by 29.56%. The stock reacted positively, gaining 6.86% the following day.

Management Promises & Guidance

Focus on improving investment performance across key funds.
Commitment to enhancing client services and technology.
Plans to expand into emerging markets.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Franklin has a strong history of beating EPS estimates, but there are concerns about market volatility affecting AUM.

Bull Case

If Franklin continues its trend of beating EPS estimates, it could see a strong stock price reaction, especially if AUM grows significantly.

Bear Case

Conversely, if the company reports lower than expected net flows or AUM due to market conditions, it could lead to a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the net flows be for the quarter?

Net flows are crucial for assessing the company's growth and ability to attract new investments, which directly impacts revenue.

How has AUM changed in the current market environment?

AUM is a key driver of Franklin's revenue, and any significant changes could indicate the company's competitive position and market health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Franklin to attract new investments despite market volatility, as recent trends in net flows could indicate a stronger demand for their services than anticipated.

Supporting Evidence

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

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

Recent positive trends in AUM growth could suggest resilience in their investment strategies.

Key Risk

If net flows exceed expectations, it could challenge the current cautious sentiment in the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating the sustainability of Franklin's growth amid potential market volatility and competition in the asset management space.

Bull Confirmed If

AUM growth of 5% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A decline in AUM or negative net flows 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 relatively modest move for the upcoming earnings report, suggesting uncertainty but not extreme volatility.

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

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options pricing 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 and raises guidance, history suggests the stock could rise by around 2.88% on the following day.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see little movement or a slight decline.

Miss

Should the company miss expectations, history indicates a potential decline of about 3.26% in the stock price.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on net flows and how they compare to previous quarters.
2Any commentary on AUM changes and market conditions affecting investments.
3Insights into new investment strategies or products being launched.
4Management's outlook on future market trends and their impact on performance.
5Responses to any questions regarding competition and market share.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

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

N/A

Assets Under Management (AUM)

AUM reflects the total market value of the investments managed by Franklin, influencing revenue from management fees.

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 EPS of $0.71, significantly beating estimates by 29.56%. The stock reacted positively, gaining 6.86% the following day.

Management Promises & Guidance

Focus on improving investment performance across key funds.
Commitment to enhancing client services and technology.
Plans to expand into emerging markets.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Franklin has a strong history of beating EPS estimates, but there are concerns about market volatility affecting AUM.

Bull Case

If Franklin continues its trend of beating EPS estimates, it could see a strong stock price reaction, especially if AUM grows significantly.

Bear Case

Conversely, if the company reports lower than expected net flows or AUM due to market conditions, it could lead to a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the net flows be for the quarter?

Net flows are crucial for assessing the company's growth and ability to attract new investments, which directly impacts revenue.

How has AUM changed in the current market environment?

AUM is a key driver of Franklin's revenue, and any significant changes could indicate the company's competitive position and market health.

Edge

What the Street Is Missing

Why consensus could be wrong

Supporting Evidence

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

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

Recent positive trends in AUM growth could suggest resilience in their investment strategies.

Key Risk

If net flows exceed expectations, it could challenge the current cautious sentiment in the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating the sustainability of Franklin's growth amid potential market volatility and competition in the asset management space.

Bull Confirmed If

AUM growth of 5% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A decline in AUM or negative net flows 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 relatively modest move for the upcoming earnings report, suggesting uncertainty but not extreme volatility.

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

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options pricing 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 and raises guidance, history suggests the stock could rise by around 2.88% on the following day.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see little movement or a slight decline.

Miss

Should the company miss expectations, history indicates a potential decline of about 3.26% in the stock price.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on net flows and how they compare to previous quarters.
2Any commentary on AUM changes and market conditions affecting investments.
3Insights into new investment strategies or products being launched.
4Management's outlook on future market trends and their impact on performance.
5Responses to any questions regarding competition and market share.