Here is how Mattel (MAT) and Netflix (NFLX) have performed compared to their sector so far this year.
Reuters said a private equity firm was interested in buying Mattel. Revenue was flat in the second quarter, but profits soared.
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The average of price targets set by Wall Street analysts indicates a potential upside of 26.1% in Mattel (MAT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Mattel delivered new evidence in its second-quarter earnings report that its turnaround plan is working. But the boost in the company's stock today most likely is a reaction to a rumored buyout attempt, rather than Mattel's performance.
Mattel's (MAT) second-quarter 2024 bottom line benefits from increased margins and higher adjusted EBITDA. New product innovations and expanded retail support position it for continued success.
Barbie-owner Mattel, Inc (NASDAQ:MAT) is seeing a decline in doll sales despite its premier piece of intellectual property capturing the zeitgeist in 2023. In second-quarter financial published on Wednesday, the toymaker penned a 6% year-on-year decline in doll sales, with Barbie sales specifically dropping by 3%.
Mattel, Inc. (NASDAQ:MAT ) Q2 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants David Zbojniewicz - Head, Investor Relations Ynon Kreiz - Chairman & Chief Executive Officer Anthony DiSilvestro - Chief Financial Officer Conference Call Participants Stephen Laszczyk - Goldman Sachs Christian Carlino - JPMorgan Megan Alexander - Morgan Stanley Eric Handler - Roth Capital Linda Bolton-Weiser - D.A. Davidson Arpine Kocharyan - UBS Alexander Perry - Bank of America Kylie Cohu - Jefferies Fred Wightman - Wolfe Research Jim Chartier - Monness Crespi Hardt Operator Good afternoon.
The headline numbers for Mattel (MAT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Mattel, Inc. shares have dropped over 20% in the past year, with muted toy demand and fading Barbie movie tailwind affecting results. Despite a decline in sales in Q2, Mattel saw margin expansion as cost-cutting efforts led to improved EBITDA and cash flow. The company's push into IP licensing, potential acquisition interest, and balance sheet improvements suggest upside potential for investors.