Toying With Expectations: Mattel's Q3 Miss Leads To Price Target Tweaks
Portfolio Pulse from Lekha Gupta
Mattel's Q3 results led to mixed analyst reactions, with some adjusting price targets and forecasts. Despite beating EPS estimates, revenue fell short, leading to revised guidance. Analysts remain cautious due to upcoming challenges, including a shorter holiday season and potential tariff risks.
October 24, 2024 | 6:40 pm
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Mattel's Q3 EPS beat estimates, but revenue missed, leading to mixed analyst reactions. Price targets were adjusted, with some analysts maintaining or lowering their outlooks. The stock rose 3.69% as analysts remain cautious about future challenges.
Mattel's Q3 results showed a positive EPS surprise but a revenue miss, leading to mixed analyst reactions. Despite the revenue shortfall, the stock rose 3.69%, indicating a positive market reaction to the EPS beat and adjusted guidance. Analysts adjusted price targets and forecasts, reflecting cautious optimism amid upcoming challenges like a shorter holiday season and potential tariff risks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100