Mattel Sees FY24 Adj. EPS $1.35-$1.45 Vs $1.44 Est.
Portfolio Pulse from Benzinga Newsdesk
Mattel has announced its forecast for the fiscal year 2024, expecting adjusted earnings per share (EPS) to be between $1.35 and $1.45, compared to the estimated $1.44.
October 23, 2024 | 8:18 pm
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NEUTRAL IMPACT
Mattel's FY24 adjusted EPS forecast of $1.35-$1.45 is slightly below the market estimate of $1.44, which may lead to a neutral to slightly negative short-term impact on the stock price.
The forecasted EPS range is close to the market estimate, suggesting that the market may have already priced in this information. However, the lower end of the range being below the estimate could cause slight concern among investors, leading to a neutral or slightly negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100