Mattel (MAT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended June 2024, Mattel (MAT) reported revenue of $1.08 billion, down 0.7% over the same period last year. EPS came in at $0.19, compared to $0.10 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.09 billion, representing a surprise of -1.04%. The company delivered an EPS surprise of +18.75%, with the consensus EPS estimate being $0.16.

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:

• Worldwide Gross Billings by Top 3 Power Brands- Barbie: $266.10 million versus the two-analyst average estimate of $276.54 million. The reported number represents a year-over-year change of -5.9%.
• Worldwide Gross Billings by Top 3 Power Brands- Other: $471.90 million versus $463.61 million estimated by two analysts on average.
• Worldwide Gross Billings by Top 3 Power Brands- Fisher-Price: $135.90 million versus the two-analyst average estimate of $156.05 million. The reported number represents a year-over-year change of -17.5%.
• Worldwide Gross Billings by Top 3 Power Brands- Hot Wheels: $327.40 million compared to the $319.53 million average estimate based on two analysts. The reported number represents a change of +3.9% year over year.

View all Key Company Metrics for Mattel here>>>

Shares of Mattel have returned +8.5% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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