Preview: Jakks Pacific's Earnings
Portfolio Pulse from Benzinga Insights
Jakks Pacific (NASDAQ:JAKK) is anticipated to release its quarterly earnings report on Thursday, 2024-02-29, with an expected EPS of $-0.85. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, Jakks Pacific has shown the ability to beat EPS estimates, leading to significant share price movements. The company's shares are currently trading at $35.8, marking an 85.01% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
February 28, 2024 | 4:01 pm
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Jakks Pacific is expected to report a quarterly EPS of $-0.85 on 2024-02-29. With a history of surpassing EPS estimates and a significant share price increase over the last year, investors are optimistic about the upcoming earnings report.
Given Jakks Pacific's history of beating EPS estimates and the subsequent positive impact on its share price, there is a strong likelihood of a positive short-term impact on JAKK's stock price if the company beats the EPS estimate again and provides favorable guidance for the future. The anticipation of this event, combined with the stock's strong performance over the past year, supports a bullish outlook for the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100