Compared to Estimates, Mattel (MAT) Q3 Earnings: A Look at Key Metrics
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Mattel (MAT) reported $1.84 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.9%. EPS of $1.14 for the same period compares to $1.08 a year ago.
The reported revenue represents a surprise of +0.38% over the Zacks Consensus Estimate of $1.84 billion. With the consensus EPS estimate being $0.94, the EPS surprise was +21.28%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Mattel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Worldwide Gross Billings by Top 3 Power Brands- Barbie: $500.60 million versus $523.75 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -17.3% change.
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Worldwide Gross Billings by Top 3 Power Brands- Other: $777 million compared to the $771.85 million average estimate based on two analysts.
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Worldwide Gross Billings by Top 3 Power Brands- Fisher-Price: $265.40 million compared to the $306.54 million average estimate based on two analysts. The reported number represents a change of -16.3% year over year.
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Worldwide Gross Billings by Top 3 Power Brands- Hot Wheels: $508.20 million versus the two-analyst average estimate of $455.35 million. The reported number represents a year-over-year change of +11.7%.
View all Key Company Metrics for Mattel here>>>
Shares of Mattel have returned -5.5% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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