JAKKS Pacific, Inc. (JAKK - Free Report) reported fourth-quarter 2019 financial numbers wherein earnings missed the Zacks Consensus Estimate but revenues beat the same. Following this release, the company’s shares decreased nearly 8% on Feb 19.
The company reported adjusted loss of 26 cents per share, wider than the Zacks Consensus Estimate of a loss of 17 cents by 52.9%. However, the figure narrowed from the year-ago loss of 37 cents by 29.7%.
Revenues of $152.5 million beat the consensus mark of $149.9 million by 1.7%. Moreover, the top line increased 15.3% year over year. This uptick can be attributed to strong sales of Disney Frozen 2 and Disguise products.
Operating Highlights
In the reported quarter, gross margin was 30.4%, down 20 basis points (bps) from the prior-year level. Adjusted EBITDA came in at $3.3 million against a negative of $1.6 million reported in the prior-year quarter.
JAKKS Pacific, Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
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Free: See Our Top Stock and 4 Runners Up >>
JAKKS Pacific, Inc. (JAKK - Free Report) reported fourth-quarter 2019 financial numbers wherein earnings missed the Zacks Consensus Estimate but revenues beat the same. Following this release, the company’s shares decreased nearly 8% on Feb 19.
The company reported adjusted loss of 26 cents per share, wider than the Zacks Consensus Estimate of a loss of 17 cents by 52.9%. However, the figure narrowed from the year-ago loss of 37 cents by 29.7%.
Revenues of $152.5 million beat the consensus mark of $149.9 million by 1.7%. Moreover, the top line increased 15.3% year over year. This uptick can be attributed to strong sales of Disney Frozen 2 and Disguise products.
Operating Highlights
In the reported quarter, gross margin was 30.4%, down 20 basis points (bps) from the prior-year level. Adjusted EBITDA came in at $3.3 million against a negative of $1.6 million reported in the prior-year quarter.
JAKKS Pacific, Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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