Jakks Pacific Q2 EPS $1.26 Beats $0.51 Estimate, Sales $166.90M Miss $168.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jakks Pacific reported Q2 earnings of $1.26 per share, beating the analyst consensus estimate of $0.51 by 147.06%. However, this is a 40% decrease from the same period last year. The company's quarterly sales of $166.90 million missed the analyst consensus estimate of $168.95 million by 1.21%, marking a 24.28% decrease from the same period last year.
July 27, 2023 | 8:07 pm
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NEGATIVE IMPACT
Jakks Pacific's Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
Despite beating earnings estimates, Jakks Pacific's earnings and sales are down year-over-year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100