Mattel Q4 2023 Adj EPS $0.29 Misses $0.31 Estimate, Sales $1.62B Miss $1.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Mattel reported Q4 2023 adjusted EPS of $0.29, missing the $0.31 estimate, and sales of $1.62B, below the $1.66B estimate. This represents a 15.62% increase in sales compared to the same period last year.
February 07, 2024 | 9:07 pm
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NEGATIVE IMPACT
Mattel's Q4 2023 earnings missed both EPS and sales estimates, with a 15.62% YOY increase in sales.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the significant increase in YOY sales might mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100