Mattel: Earnings Preview
By Zacks Investment Research:
Toy company, Mattel Inc. (MAT) is slated to release its second-quarter 2012 results on Tuesday, April 17, before the opening bell. The Zacks Consensus Estimate projects earnings of 21 cents per share for second quarter 2012 on revenues of $1,139.0 million.Over the trailing four quarters, Mattel's earnings surprise ranges from negative 14.3% to positive 43.8%, with the average being positive 11.8%. 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 first quarter 2012 adjusted earnings of 6 cents per share, missing the Zacks Consensus Estimate by a penny. The earnings miss was due to acquisition related costs and weak performance of its core brands including Barbie and Hot Wheels. Net sales stood at $928.4 million, down 2% year over year from $951.9 million and also lagged the Zacks Consensus Estimate of $986.0 million.Complete Story »