Report on pre-market results as of January 30, 2023: BEN, SOFI, ARLP, PHG, LICY, CAJ, SBT

The following companies are expected to report their results before the market opens on 01/30/2023. See our results calendar for a full list of expected results releases.

Franklin Resources, Inc. (BEN) releases its report for the quarter ending December 31, 2022. The finance/investment management firm’s consensus earnings per share forecast from the 6 analysts who track the stock is $0.54. This value represents a decrease of 50.00% compared to the same quarter last year. Over the past year, BEN has exceeded expectations every quarter. The highest was in the 3rd calendar quarter where they beat consensus by 13.04%. Zacks Investment Research reports that the 2023 P/E ratio for BEN is 12.57 versus an industry ratio of 11.80, implying that they will have higher earnings growth than their competitors in the same industry.

SoFi Technologies, Inc. (SOFI) releases a report for the quarter ending December 31, 2022. The technology services company’s consensus earnings per share forecast from the 8 analysts who track the stock is -$0.09. This value represents an increase of 40.00% compared to the same quarter last year. In the past year, SOFI met analysts’ expectations twice and exceeded expectations in the other two quarters. Zacks Investment Research reports that the 2022 P/E ratio for SOFI is -13.28 versus an industry ratio of -4.00.

Alliance Resource Partners, LP (ARLP) reports for the quarter ending Dec. 31, 2022. The coal company’s consensus earnings per share forecast from the 1 analyst tracking the stock is $1.41. This value represents an increase of 252.50% compared to the same quarter last year. Zacks Investment Research reports that the 2022 price-to-earnings ratio for ARLP is 4.87 versus an industry ratio of -0.20, implying that they will have higher earnings growth than their competitors in the same industry .

Royal Philips SA (PHG) reports for the quarter ending Dec. 31, 2022. The medical products company’s consensus earnings-per-share forecast from the top analyst tracking the stock is $0.06. This value represents a decrease of 90.77% compared to the same quarter last year. Zacks Investment Research reports that the 2022 price-to-earnings ratio for PHG is 27.24 versus an industry ratio of 9.70, implying that they will have higher earnings growth than their competitors in the same industry.

Li-Cycle Holdings Corp. (LICY) reports for the quarter ending October 31, 2022. The electrical instruments company’s consensus earnings per share forecast from the 2 analysts who track the stock is -$0.18. This value represents an increase of 45.45% compared to the same quarter last year. Zacks Investment Research reports that the 2022 P/E ratio for LICY is -18.69 versus an industry ratio of -1.10.

Canon, Inc. (CAJ) reports for the quarter ending Dec. 31, 2022. The office automation company’s consensus earnings-per-share forecast from the 2 analysts who track the stock is $0.52. This value represents an increase of 10.64% compared to the same quarter last year. Zacks Investment Research reports that the 2022 price-to-earnings ratio for CAJ is 12.43 versus an industry ratio of 31.40.

Sterling Bancorp, Inc. (SBT) reports for the quarter ending December 31, 2022. The (Northeast) Banking Company’s consensus earnings per share forecast from the 1 analyst tracking the stock is $0.03. This value represents a decrease of 70.00% compared to the same quarter last year. The last two quarters, SBT had negative earnings surprises; the last report they missed by -50%. The “days to cover” for this stock exceeds 16 days. Days to cover, as reported in the brief interest update on 01/13/2023, has increased by 137.20% compared to the previous report on 12/30/2022. Zacks Investment Research reports that the 2022 price-to-earnings ratio for SBT is 52.17 versus an industry ratio of 9.80, implying that they will have higher earnings growth than their competitors in the same industry.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.