Mattel's Q2 Earnings Out Today: Will 'Barbie' Magic Save The Day?
Portfolio Pulse from Shanthi Rexaline
Mattel, Inc. (NASDAQ:MAT) is set to report its Q2 results after the market close today. The company is expected to post a loss of $0.02 per share, compared to a profit of $0.18 a year ago. The revenue for the June quarter may have dropped 19% YoY to $1 billion. The company's stock has rallied since late June due to the Barbie movie craze. Mattel and Hasbro, Inc. (NASDAQ:HAS) announced a multi-year licensing agreement, which led to a rally in Mattel's stock. Warner Bros. Discovery, Inc.'s (NYSE:WBD) Barbie movie collected $155 million in domestic box office in the first three days, marking the highest opening in 2023.
July 26, 2023 | 12:34 pm
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NEUTRAL IMPACT
Hasbro announced a multi-year licensing agreement with Mattel, which led to a rally in Mattel's stock.
The licensing agreement with Mattel could potentially benefit Hasbro. However, the direct impact on Hasbro's stock is not clear from the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Mattel is expected to post a loss in Q2. The stock has rallied due to the Barbie movie craze and a licensing agreement with Hasbro. The Barbie movie collected $155 million in the first three days.
The expected loss in Q2 could negatively impact the stock. However, the recent rally due to the Barbie movie and the licensing agreement with Hasbro could offset this. The success of the Barbie movie could also positively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Warner Bros. Discovery's Barbie movie collected $155 million in domestic box office in the first three days, marking the highest opening in 2023.
The success of the Barbie movie, which marked the highest opening in 2023, could positively impact Warner Bros. Discovery's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50