Mattel is set to report its second-quarter earnings this Tuesday after the market closes, with analysts expecting revenue to grow 7.9% year on year, a reversal from the 5.7% decline in the same quarter last year. The company beat revenue expectations last quarter, reporting $862.2 million, up 4.3% year on year, and provided full-year EPS guidance that exceeded analyst estimates. Analysts have largely maintained their estimates over the past 30 days, though Mattel has missed revenue estimates multiple times in the last two years. Among peers, Hasbro reported a 16.2% revenue increase, beating expectations by 6.6%, while AMC Entertainment posted 14.2% growth, topping estimates by 8.7%. Mattel shares have risen 15.9% over the past month, compared to an average 2.4% decline for consumer discretionary stocks, and the average analyst price target stands at $18.31 versus the current share price of $15.09.
Mattel IncExpected revenue growth and prior earnings beat suggest positive earnings report.
Hasbro Inc
AMC Entertainment Holdings Inc