Franklin Covey Company Up 0.99% To $38.68 After Earnings Beat

Franklin Covey Co (FC) surpassed earnings projections on 3/27/2024 for Q2 2024.

The consensus among analysts for Franklin Covey Company was for an earnings per share (EPS) of $0.05. The firm was able to surpass those projections, reporting an EPS of $0.06, a positive surprise of $0.01 (20%). Profits fell 50% year-over-year after reporting an EPS of $0.12 in its year-ago quarter. The negative growth rate signals that the Industrials company isn't performing well amid current economic conditions.

Analyst projections for Franklin Covey Company revenue came in at a consensus of $62 million. Second-Quarter revenues missed estimates for $61.3 million by $684 thousand (1%). The company achieved negative 1% growth year-over-year compared to the firm's revenue of $61.8 million from the year-ago quarter. The lower earnings growth relative to revenue signals Franklin Covey Company has not been able to improve its profit margin.

The stock is up 0.99% to $38.68 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 48. 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.