Franklin Resources Future Growth

Future criteria checks 2/6

Franklin Resources's revenue is forecast to decline at 1.7% per annum while its annual earnings are expected to grow at 17.9% per year. EPS is expected to grow by 18% per annum. Return on equity is forecast to be 14.6% in 3 years.

Key information

17.9%

Earnings growth rate

18.0%

EPS growth rate

Capital Markets earnings growth	13.2%
Revenue growth rate	-1.7%
Future return on equity	14.6%
Analyst coverage	Good
Last updated	20 Dec 2024

Recent future growth updates

Earnings Miss: Franklin Resources, Inc. Missed EPS By 51% And Analysts Are Revising Their Forecasts

May 03

Recent updates

Cautious Investors Not Rewarding Franklin Resources, Inc.'s (NYSE:BEN) Performance Completely

Oct 21

Franklin Resources: Still A Buy Despite Recent Challenges

Sep 22

Franklin Resources' (NYSE:BEN) Dividend Will Be $0.31

Sep 16

Franklin Resources (NYSE:BEN) Will Pay A Dividend Of $0.31

Aug 30

Franklin Resources: Challenging, Yet Tempting At The Same Time

Aug 09

It's A Story Of Risk Vs Reward With Franklin Resources, Inc. (NYSE:BEN)

Jul 12

Buying Back Into Franklin Resources

May 27

Franklin Resources: Falling Industry, Lagging Financial Strength, And Margins Contracting

May 11

Earnings Miss: Franklin Resources, Inc. Missed EPS By 51% And Analysts Are Revising Their Forecasts

May 03

Franklin Resources: High Yield, AUM Ticks Up, But Long-Term Challenges Remain

Mar 05

Franklin Resources' (NYSE:BEN) Dividend Will Be Increased To $0.31

Dec 30

Franklin Resources, Inc.'s (NYSE:BEN) Shares Leap 26% Yet They're Still Not Telling The Full Story

Dec 27

Franklin Resources: A Value Play With Catalysts

Dec 22

Earnings and Revenue Growth Forecasts

NYSE:BEN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2027	8,393	1,273	1,507	1,662	2
9/30/2026	8,851	1,075	1,358	1,533	4
9/30/2025	8,627	1,020	1,464	1,858	4
9/30/2024	8,478	432	794	971	N/A
6/30/2024	8,253	810	1,093	1,227	N/A
3/31/2024	8,099	861	1,186	1,353	N/A
12/31/2023	7,873	929	1,002	1,143	N/A
9/30/2023	7,849	845	940	1,089	N/A
6/30/2023	7,802	785	1,035	1,191	N/A
3/31/2023	7,865	812	1,266	1,357	N/A
12/31/2022	8,018	962	1,433	1,534	N/A
9/30/2022	8,275	1,238	1,866	1,957	N/A
6/30/2022	8,517	1,652	1,496	1,596	N/A
3/31/2022	8,659	1,826	869	970	N/A
12/31/2021	8,654	1,857	1,038	1,121	N/A
9/30/2021	8,426	1,754	1,166	1,245	N/A
6/30/2021	7,950	1,188	1,067	1,120	N/A
3/31/2021	6,938	1,056	1,438	1,489	N/A
12/31/2020	6,172	768	1,251	1,343	N/A
9/30/2020	5,567	784	980	1,083	N/A
6/30/2020	5,209	1,015	619	735	N/A
3/31/2020	5,525	971	-337	-102	N/A
12/31/2019	5,647	1,258	-255	-21	N/A
9/30/2019	5,669	1,185	35	269	N/A
6/30/2019	5,849	1,383	653	891	N/A
3/31/2019	5,931	1,538	1,642	1,777	N/A
12/31/2018	6,115	1,605	2,051	2,164	N/A
9/30/2018	6,205	747	2,123	2,230	N/A
6/30/2018	6,409	668	N/A	1,686	N/A
3/31/2018	6,464	676	N/A	1,418	N/A
12/31/2017	6,447	663	N/A	1,010	N/A
9/30/2017	6,392	1,684	N/A	1,135	N/A
6/30/2017	6,387	1,731	N/A	1,521	N/A
3/31/2017	6,408	1,768	N/A	1,912	N/A
12/31/2016	6,421	1,708	N/A	1,879	N/A
9/30/2016	6,618	1,716	N/A	1,728	N/A
6/30/2016	6,880	1,603	N/A	1,603	N/A
3/31/2016	7,247	1,661	N/A	1,560	N/A
12/31/2015	7,642	1,906	N/A	1,975	N/A
9/30/2015	7,949	2,023	N/A	2,252	N/A
6/30/2015	8,230	2,304	N/A	2,542	N/A
3/31/2015	8,360	2,378	N/A	2,620	N/A
12/31/2014	8,446	2,333	N/A	2,386	N/A
9/30/2014	8,491	2,370	N/A	2,138	N/A
6/30/2014	8,321	2,239	N/A	1,919	N/A
3/31/2014	8,275	2,212	N/A	1,903	N/A
12/31/2013	8,193	2,225	N/A	2,074	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEN's forecast earnings growth (17.9% per year) is above the savings rate (2.6%).

Earnings vs Market: BEN's earnings (17.9% per year) are forecast to grow faster than the US market (15.2% per year).

High Growth Earnings: BEN's earnings are forecast to grow, but not significantly.

Revenue vs Market: BEN's revenue is expected to decline over the next 3 years (-1.7% per year).

High Growth Revenue: BEN's revenue is forecast to decline over the next 3 years (-1.7% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BEN's Return on Equity is forecast to be low in 3 years time (14.6%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 02:04
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Franklin Resources, Inc. is covered by 35 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Benjamin Budish	Barclays
Roger Freeman	Barclays
Etienne Ricard	BMO Capital Markets Equity Research

Franklin Resources Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 10%

Price target decreased by 7.6% to US$25.60

Earnings Miss: Franklin Resources, Inc. Missed EPS By 51% And Analysts Are Revising Their Forecasts

Price target increased by 7.1% to US$27.23

Price target increased by 7.5% to US$27.08

Recent updates

Staying In Franklin Resources For The Dividend

Franklin Resources' (NYSE:BEN) Dividend Will Be Increased To $0.32

Agnico Eagle Mines Limited (NYSE:AEM) entered into a definitive to acquire O3 Mining Inc. (TSXV:OIII) from Extract Advisors LLC, Franklin Gold and Precious Metals Fund (MutualFund:FKRC.X), managed by Franklin Resources, Inc. (NYSE:BEN) and others for approximately CAD 190 million.

Fourth quarter dividend increased to US$0.32

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on January 10, 2025

Bain Capital, LP, Reverence Capital Partners, L.P., BlackRock, Inc. (NYSE:BLK), FMR LLC, Franklin Resources, Inc. (NYSE:BEN) and State Street Global Advisors, Inc completed the acquisition of Envestnet, Inc. (NYSE:ENV) from BlackRock, Inc. (NYSE:BLK), FMR LLC and others.

Franklin Resources: Not All Dips Should Be Bought

New minor risk - Profit margin trend

Full year 2024 earnings: EPS misses analyst expectations

Franklin Templeton Appoints George Stephan as Global Chief Operating Officer of Wealth Management Alternatives

Franklin Resources: A Victim Of Passive Money

Cautious Investors Not Rewarding Franklin Resources, Inc.'s (NYSE:BEN) Performance Completely

Franklin Resources, Inc. to Report Q4, 2024 Results on Nov 04, 2024

Upcoming dividend of US$0.31 per share

Franklin Resources: Still A Buy Despite Recent Challenges

Franklin Resources' (NYSE:BEN) Dividend Will Be $0.31

Insider recently bought US$1.9m worth of stock

Insider recently bought US$2.0m worth of stock

Franklin Resources (NYSE:BEN) Will Pay A Dividend Of $0.31

Third quarter dividend of US$0.31 announced

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on October 11, 2024

Franklin Resources: Challenging, Yet Tempting At The Same Time

Insufficient new directors

Third quarter 2024 earnings: EPS misses analyst expectations

Franklin Resources, Inc. Launches Franklin Ethereum ETF (EZET)

Consensus EPS estimates increase by 10%

Bain Capital, LP, Reverence Capital Partners, L.P., BlackRock, Inc. (NYSE:BLK), FMR LLC, Franklin Resources, Inc. (NYSE:BEN) and State Street Global Advisors, Inc. agreed to acquire Envestnet, Inc. (NYSE:ENV) from BlackRock, Inc. (NYSE:BLK), FMR LLC and others for $3.6 billion.

It's A Story Of Risk Vs Reward With Franklin Resources, Inc. (NYSE:BEN)

Franklin Resources, Inc. to Report Q3, 2024 Results on Jul 26, 2024

Insider recently bought US$2.2m worth of stock

Buying Back Into Franklin Resources

Second quarter dividend of US$0.31 announced

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on July 12, 2024

Franklin Resources: Falling Industry, Lagging Financial Strength, And Margins Contracting

Price target decreased by 7.6% to US$25.60

Earnings Miss: Franklin Resources, Inc. Missed EPS By 51% And Analysts Are Revising Their Forecasts

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Franklin Resources, Inc. to Report Q2, 2024 Results on Apr 29, 2024

Eaglebrook Advisors Introduces Managed Bitcoin and Ethereum Separately Managed Account Strategy in Partnership with Franklin Templeton

Upcoming dividend of US$0.31 per share

Franklin Resources: High Yield, AUM Ticks Up, But Long-Term Challenges Remain

First quarter dividend of US$0.31 announced

Franklin Resources, Inc. Announces Executive Changes

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on April 12, 2024

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.1% to US$27.23

Franklin Templeton Launches Franklin Bitcoin ETF

Price target increased by 7.5% to US$27.08

Franklin Resources, Inc. to Report Q1, 2024 Results on Jan 29, 2024

Franklin Resources' (NYSE:BEN) Dividend Will Be Increased To $0.31

Franklin Resources, Inc., Annual General Meeting, Feb 06, 2024

Franklin Resources, Inc.'s (NYSE:BEN) Shares Leap 26% Yet They're Still Not Telling The Full Story

Upcoming dividend of US$0.31 per share at 4.2% yield

Burtech Acquisition Corp. (NasdaqGM:BRKH) entered into a definitive agreement to acquire Blaize, Inc. from a group of shareholders.

Franklin Resources: A Value Play With Catalysts

Franklin Resources, Inc. Announces Quarterly Cash Dividend, Payable on January 12, 2024

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources