Mattel, Inc. (MAT): Bad Earnings Numbers Are in the Air

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Mattel, Inc. (MAT) surged 0.77% to $31.33 and the amount of shares that traded hands from sellers to buyers was 2,016,502 shares. The company declared its Q116 earnings after market closing on 20 April 2016. MAT stock traded between $32.97 and $34.04 on the day of the earnings release. EPS for the recently concluded quarter came in at -$0.13 when sales were $869.4M. Analysts had been looking for -$0.07 a share with $861.08M in sales.

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Current Quarter Outlook: The focus will now turn to the outlook or guidance for the next reporting quarter (June 2016). Analysts, on average, predict Mattel, Inc. will report -$0.04 in earnings per share (EPS) on revenue of 937.54M. The earnings-per-share consensus range is -$0.08-$0.03 on sales between 900.00M and 967.00M.

Analyst Sentiment: The confidence in the future of Mattel, Inc. (MAT) is getting weaker by the somewhat bearish sentiment (2.20 on a 5-point scale) that analysts have issued concerning it. Analysts on the average rate the stock as Overweight. Research analysts at Stifel have been covering MAT stock so their up-to-date recommendation is worth a look. Stifel published a research note on April 06, 2016, lowering the stock from Hold to Buy. Argus also changed its view on February 04, 2016, upgrading shares of Mattel, Inc. to Sell from Buy.

Growth Potential: The stock is trading up 65.72% versus 1-year low of $19.44 and stands -9.87% down from its peak of $34.76. The consensus price target of $35.5 means that the market expects Company shares to rise by 13.31 in the near future. The sell-side target prices range from $28 to $39. In the last month the stock has moved in price -8.55% with a one year change of 18.73%. The last trading session volume compares with the 5.64M average and market worth around $10.74B.

 

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