Thursday, June 30, 2022 - Franklin Covey Company (FC) reported upside earnings and revenues today.
Wall Street earnings per share (EPS) projections for Franklin Covey Company were at $0.18. The company beat those estimates with an EPS of $0.51. The earnings per share of $0.51 (which represents a -183% EPS surprise) led to the company's profits falling 43% compared to last year when the firm reported an EPS of $0.90. The decline in Franklin Covey Company's annual growth rate represents how the business isn't performing well amid current economic conditions.
Consensus estimates for Franklin Covey Company revenue averaged out to $64.4 million, with the business managing to beat those expectations with reported third-quarter revenue of $66.2 million. The $1.7 million (3%) positive revenue surprise led to 13% growth year-over-year as the firm reported revenue of $58.7 million in its year-ago quarter. The lower earnings growth compared to revenue points to Franklin Covey Company not being able to improve its profit margin.
The stock is up 12.81% to $42.90 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 73. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.
Franklin Covey Co is a global company focused on organizational performance improvement. It focuses on providing time management and effectiveness training for individuals and corporations via online training as well as in-person workshops and events. The company provides training and consulting services in the areas of leadership, execution, productivity, trust, sales performance, customer loyalty, and educational improvement. It operates in the business segments of Direct Offices, Education practice and International Licensees. The company derives revenue from providing training and consulting services, and through the selling of books, audio media, and other related products. It has a business presence in the United States and other international countries.