Analysts estimate that Mattel will report an earnings per share (EPS) of $0.95.
Mattel bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Performance in Previous Earnings
In the previous earnings release, the company beat EPS by $0.02, leading to a 9.8% increase in the share price the following trading session.
Here's a look at Mattel's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.17
-0.13
0.32
0.86
EPS Actual
0.19
-0.05
0.29
1.08
Price Change %
10.0%
2.0%
0.0%
-8.0%
Stock Performance
Shares of Mattel were trading at $18.42 as of October 21. Over the last 52-week period, shares are down 8.75%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
Analyst Opinions on Mattel
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Mattel.
Analysts have provided Mattel with 2 ratings, resulting in a consensus rating of Neutral. The ...
