What's Going On With Mattel Stock After Earnings?
Portfolio Pulse from Erica Kollmann
Mattel, Inc. (NASDAQ:MAT) shares rose after reporting Q1 adjusted earnings per share that exceeded expectations, despite sales missing estimates. The company's North America segment saw a slight increase in gross billings, driven by growth in certain categories. Full-year earnings guidance was provided, aligning closely with analyst expectations. Analysts from DA Davidson and Roth MKM have updated their ratings and price targets for Mattel.
April 24, 2024 | 5:26 pm
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POSITIVE IMPACT
Mattel's Q1 earnings beat expectations with a minor sales miss, leading to a positive stock price movement. Analysts remain optimistic, adjusting price targets.
Mattel's better-than-expected earnings per share results, despite a slight miss in sales, indicate a strong operational performance, particularly in its North America segment. This performance, coupled with positive analyst ratings and adjustments in price targets, suggests a bullish outlook for Mattel's stock in the short term. The company's guidance for full-year earnings aligns closely with analyst expectations, further supporting the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100