Where Will Mattel Stock Be in 1 Year?
(NASDAQ: MAT) posted its second-quarter report on July 26. The toymaker's net sales fell 12% year over year to $1.09 billion but exceeded analysts' estimates by $82 million. Its adjusted earnings per share (EPS) dropped 44% to $0.10 but also beat the consensus forecast by $0.13. Those headline numbers cleared Wall Street's low bar, but the bulls and bears shrugged and Mattel's stock barely budged after its earnings release.
Over the past 12 months, Mattel's stock has declined 11% as the S 500 has advanced 13%. The Barbie movie, which was co-produced by Mattel and distributed by Warner Bros. Discovery, recently set new box office records, but it hasn't meaningfully boosted the toy maker's sales nor generated significant interest in its stock yet.
Let's see if investors will change their minds about Mattel over the next 12 months.
Source Fool.com
Mattel Inc. Stock
Mattel Inc. is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
As a result the target price of 16 € shows a positive potential of 26.8% compared to the current price of 12.62 € for Mattel Inc..
