Mattel To Report Q3 Earnings: Here's What To Expect From The Stock

Mattel To Report Q3 Earnings: Here's What To Expect From The Stock

Benzinga
October 18, 2024

Mattel, Inc. (NASDAQ: MAT) is scheduled to report third-quarter 2024 results on Oct. 23, 2024, after the closing bell. In the last reported quarter, the company's earnings surpassed the Zacks Consensus Estimate by 18.8%.

Trend In Estimate Revision

For the quarter to be reported, the Zacks Consensus Estimate for earnings is pegged at 94 cents, down 13% year over year. In the past seven days, earnings estimates for the quarter have been revised upward by 1 cent per share.

For revenues, the consensus mark is pegged at nearly $1.84 billion. The metric suggests a decline of 4.1% from the year-ago figure.

Let us discuss the factors that are likely to be reflected in the quarter to be reported.

Mattel, Inc. Price And EPS Surprise

Mattel, Inc. price-eps-surprise | Mattel, Inc. Quote

Factors To Note

Mattel's third-quarter 2024 results are likely to be negatively impacted by soft sales in North America. The dismal performance of Infant, Toddler, Preschool, Dolls and Vehicle products is likely to have hurt North America' sales. The company is facing a challenging macroeconomic environment.

The Zacks Consensus Estimate for Worldwide gross billings ...

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