Mattel Sees FY24 Adj. EPS $1.35-$1.45 Vs $1.37 Est.
Portfolio Pulse from Benzinga Newsdesk
Mattel has provided guidance for its FY24 adjusted earnings per share (EPS), projecting a range of $1.35 to $1.45, compared to the analyst estimate of $1.37. This forecast suggests a potential for earnings to either slightly miss or exceed expectations.
February 07, 2024 | 9:30 pm
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NEUTRAL IMPACT
Mattel's FY24 adjusted EPS guidance of $1.35-$1.45 is around the analyst estimate of $1.37, indicating potential for both slight underperformance or overperformance.
Mattel's guidance for FY24 adjusted EPS closely aligns with analyst expectations, suggesting a balanced outlook. The range provided allows for slight variability in performance, which could lead to neutral short-term stock price movement as the market digests this information. The importance is high as earnings guidance directly impacts investor sentiment and valuation models. The confidence in this analysis is based on the clear guidance provided by Mattel and its comparison to analyst estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100