Why Mattel Stock Popped 12% on Wednesday
(NASDAQ: MAT) stock made like a Jack-in-the-box this morning, popping up 12.5% through 10:55 a.m. ET after reporting a big fourth-quarter earnings beat after the market closed Tuesday.
For the period, analysts had forecast Mattel would earn only $0.20 per share, adjusted for one-time items, on sales of $1.63 billion. Instead, Mattel reported adjusted earnings of $0.35 per share on sales of $1.65 billion.
Mattel's sales grew 2% year over year, and the gross profit margin it earned on those sales expanded by 190 basis points to 50.7%. On the bottom line, Mattel's earnings as calculated according to generally accepted accounting principles (GAAP) exceeded its adjusted earnings, coming in at $0.42 per share -- exactly equal to 2023's Q4 GAAP earnings.
Source Fool.com
Mattel Inc. Aktie
Die Mattel Inc. Aktie erhält starke Unterstützung mit mehreren Buy- und keiner Sell-Einschätzung.
Die Community erwartet für Mattel Inc. ein Kursziel von 21 €, was eine Steigerung von über 20% gegenüber 17.21 € bedeuten würde.
