Franklin Wireless (FKWL) Projected to Announce Quarterly Earnings on Wednesday

Franklin Wireless (NASDAQ:FKWL) is anticipated to post its results on Wednesday, November 18th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $11.50 million for the quarter.

Franklin Wireless (NASDAQ:FKWL) last issued its quarterly earnings data on Monday, September 28th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. Franklin Wireless had a negative return on equity of 1.70% and a negative net margin of 12.99%. The firm had revenue of $8.40 million for the quarter, compared to analyst estimates of $10.60 million.

Franklin Wireless Stock Performance

Franklin Wireless stock opened at $2.08 on Wednesday. The stock’s fifty day moving average price is $2.30 and its two-hundred day moving average price is $2.97. Franklin Wireless has a one year low of $2.08 and a one year high of $5.19.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Franklin Wireless in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Franklin Wireless Company Profile

Franklin Wireless Corporation develops and supplies wireless broadband equipment and connected-device solutions. Its product portfolio includes mobile hotspots, 4G LTE and 5G routers, USB modems, and related wireless networking products designed to provide internet connectivity for consumers, businesses, and other users. The company primarily serves the North American wireless communications market through relationships with mobile network operators, distributors, and retailers. Its products are marketed under the Franklin Wireless brand and may be offered through telecommunications providers as part of broadband and connectivity services.