Mattel Sees FY24 Adj. EPS $1.35-$1.45 Vs $1.39 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 $1.39. This forecast suggests a potential for Mattel's performance to either exceed or fall short of market expectations.
April 23, 2024 | 8:09 pm
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Mattel's FY24 EPS guidance ranges from $1.35 to $1.45, potentially outperforming or underperforming against the analyst estimate of $1.39.
Mattel's guidance for FY24 adjusted EPS suggests a balanced outlook, with the potential to either exceed or not meet analyst expectations. This creates a neutral short-term impact as the market digests the news, balancing optimism with caution. The guidance closely aligns with the analyst estimate, indicating that Mattel's management has a similar outlook on the company's future performance as market analysts. However, the range provided allows for variability, which could lead to market speculation on the exact outcome within this range.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100