Mattel's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Mattel (NASDAQ:MAT) is set to release its latest quarterly earnings report on Wednesday, 2023-07-26. Analysts estimate an earnings per share (EPS) of $-0.02. Last quarter, the company missed EPS by $0.06, which was followed by a 6.07% increase in the share price. Shares of Mattel were trading at $21.57 as of July 24, with a 52-week period decrease of 6.85%.
July 25, 2023 | 5:03 pm
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NEUTRAL IMPACT
Mattel's upcoming earnings report is expected to show an EPS of $-0.02. Last quarter's miss was followed by a 6.07% share price increase. The stock has been on a downward trend with a 52-week decrease of 6.85%.
The upcoming earnings report is a significant event for Mattel. While the expected EPS is negative, the company's stock price increased after the last earnings miss, indicating that investors may be focusing more on other factors such as guidance. However, the overall downward trend in the stock's price suggests a bearish sentiment among long-term shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100