JUMP REPORT
Avg Daily Volume: 4,387,854 Market Cap: 3.51B
Sector: Consumer Goods Short Interest: 45.49
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .16/share REV: 219.8/M
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LAST QTR: EPS: -.40/share ACTUAL: -..25/share (BEAT)
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NEXT QTR: EPS: .09/share REV: 224.14/M
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FULL YR: EPS: -.40/share REV: 872.47/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 48% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 14.06, 10.83, 29.93
EXPECTED JUMP MOVE: 12-15%
Links To Latest News and Headlines
Mattel (MAT) third-quarter results are likely to reflect the impact of Power Brands' dismal performance.
A couple key charts indicate there has not been aggressive buying of the toymaker's stock, which would suggest sideways price action.
Mattel, Inc. (NASDAQ: MAT) today announced the Barbie® 2020 Campaign Team set to expose girls to public leadership roles and pique their interest in shaping the future. The new career set includes four diverse dolls with roles that make a winning campaign, including candidate, campaign manager, fundraiser and voter, to show girls the importance of a political team working together to win.
Hasbro (NASDAQ: HAS) was unable to match the second-quarter performance of rival Mattel (NASDAQ: MAT) after earnings, announced today, fell well short of Wall Street’s expectations. Despite owning some of the most iconic board games in the industry, such as Monopoly, as well as one of the most popular card games in Magic: The Gathering, the toymaker suffered a 28% drop in revenue to $860.3 million, compared to the consensus estimate of $965.5 million, leading to adjusted earnings of only $0.02 per share, far below the $0.22 per share analysts had been expecting.
Mattel (NASDAQ: MAT) reported second-quarter results Thursday that beat Wall Street estimates on the top and bottom lines as Barbie dolls and Uno playing cards saw strong demand. With fall school reopenings still doubtful in many locations — New York City, for example, may wait until there’s a coronavirus vaccine before fully reopening — the back half of Mattel’s year could be robust, too. Mattel said revenue fell 15% year over year as retail stores were shut down, but net sales of $732 million were well ahead of expectations of just $678 million.
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