Jakks Pacific: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Jakks Pacific (NASDAQ:JAKK) reported Q4 earnings with an EPS of $-1.01, missing estimates by -19.0% and a revenue decrease of $4.49 million from the previous year. Despite beating EPS estimates in Q3 2023, this quarter's results show a downturn.
February 29, 2024 | 9:20 pm
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Jakks Pacific reported a significant miss in Q4 earnings with an EPS of $-1.01, underperforming estimates by -19.0%, and a year-over-year revenue decrease.
The significant miss in earnings and the decrease in revenue compared to the same period last year are likely to negatively impact investor sentiment and the stock price in the short term. Historical data shows that past earnings performance had a direct impact on stock price movement, suggesting a similar outcome could be expected following this earnings report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100