Mattel: Earnings Preview
The world’s largest manufacturer of toys, Mattel Inc. (MAT) is slated to release its first-quarter 2011 results on Friday, April 15, before the opening bell. The current Zacks Consensus Estimate for the first quarter is 5 cents per share, representing an annualized negative growth of 28.57%. The Zacks Consensus Sales estimate for the first quarter is $907 million. With respect to earnings surprises over the trailing four quarters, Mattel witnessed significant upside from approximately negative 6.67% to positive 333.3%. The average earnings surprise was a positive 83.21%. This implies that the company has beaten the Zacks Consensus Estimate by the same magnitude over the last four quarters.
Previous Quarter Recap
Mattel reported fourth-quarter 2010 earnings of 89 cents per share, which surpassed the Zacks Consensus Estimate of 86 cents and were in line with the prior-year quarter earnings. The better-than-expected results were primarily driven by new product lines such asComplete Story »