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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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