Jakks Pacific Q4 2023 Adj EPS $(1.040) Misses $(0.850) Estimate, Sales $127.400M Miss $128.720M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jakks Pacific (NASDAQ:JAKK) reported Q4 2023 adjusted EPS of $(1.040), missing the $(0.850) estimate, with sales of $127.400M also missing the $128.720M estimate. This represents a 3.40% decrease in sales compared to the same period last year.
February 29, 2024 | 9:06 pm
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NEGATIVE IMPACT
Jakks Pacific reported a larger than expected Q4 2023 loss and a slight miss in sales, indicating potential short-term negative impact on its stock price.
The reported earnings miss, especially the larger than expected loss per share, typically leads to negative investor sentiment in the short term. The slight miss in sales further compounds the issue, indicating potential challenges in the company's operations or market demand. Given these factors, it's likely that Jakks Pacific's stock price will face downward pressure in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100