Jakks Pacific Q2 2024 Adj. EPS $0.65 Beats $0.12 Estimate, Sales $148.619M Beat $134.924M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jakks Pacific (NASDAQ:JAKK) reported Q2 2024 earnings of $0.65 per share, significantly beating the analyst estimate of $0.12. Sales were $148.619 million, also surpassing the $134.924 million estimate. Despite these beats, both earnings and sales were down compared to the same period last year.
July 31, 2024 | 8:54 pm
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Jakks Pacific reported Q2 2024 earnings of $0.65 per share, beating the $0.12 estimate by a wide margin. Sales also exceeded expectations at $148.619 million. However, both earnings and sales were down compared to the same period last year.
The significant beat on both earnings and sales estimates is likely to have a positive short-term impact on the stock price. However, the year-over-year decline in both metrics may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100