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

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

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

Franklin Wireless Price Performance

Shares of NASDAQ:FKWL opened at $2.08 on Wednesday. The business’s 50-day moving average is $2.30 and its 200-day moving average is $2.97. Franklin Wireless has a 1 year low of $2.08 and a 1 year high of $5.19.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Franklin Wireless in a research note on Friday, August 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Franklin Wireless has an average rating of “Sell”.

About Franklin Wireless

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.