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Franklin Resources prelim Q4 operating revenue beats estimates on record AUM

By Reuters News


Overview

  • U.S. asset manager's preliminary Q4 operating revenue rose 4% yr/yr, beating analyst expectations

  • Preliminary adjusted EPS for Q4 beat analyst expectations

  • Company repurchased $86.1 mln in shares during the quarter


Outlook

  • Company sees opportunities in private markets, customized solutions and innovative investment vehicles in FY27

  • Company says institutional pipeline of won-but-unfunded mandates remains strong at $22.0 bln

  • Company plans to continue investing in strategic acquisitions and expense management


Result Drivers

  • NET INFLOWS - Co said Q4 results were driven by $20.8 bln in long-term net inflows, with positive flows across all regions and channels

  • RECORD AUM - Co said equity, multi-asset and alternatives saw net inflows and reached record assets under management

  • PRODUCT GROWTH - Co cited strong growth in ETF, retail SMA, Canvas and international AUM


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Operating Revenue

Beat

$2.43 bln

$1.86 bln (4 Analysts)

Q4 Adjusted EPS

Beat

$0.94

$0.77 (8 Analysts)

Q4 EPS

$0.72

Q4 Adjusted Net Income

Beat

$493.40 mln

$405.31 mln (5 Analysts)

Q4 Net Income

$380.10 mln


Reuters Recommended Reads

  • Nov 3 - Apollo assets reach $1.07 trillion on alternative investment demand

  • Nov 6 - Brookfield Asset Management Q3 fee-related earnings rise on Oaktree acquisition

  • Nov 4 - Canada's Sprott Q3 net income jumps 67% on higher AUM


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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