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Mattel (MAT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2023, Mattel (MAT - Free Report) reported revenue of $1.62 billion, up 15.6% over the same period last year. EPS came in at $0.29, compared to $0.18 in the year-ago quarter.
The reported revenue represents a surprise of -2.18% over the Zacks Consensus Estimate of $1.66 billion. With the consensus EPS estimate being $0.30, the EPS surprise was -3.33%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Mattel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Worldwide Gross Billings by Top 3 Power Brands- Barbie: $473.10 million versus $458.66 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +27.1% change.
Worldwide Gross Billings by Top 3 Power Brands- Fisher-Price: $245.30 million compared to the $282.39 million average estimate based on three analysts. The reported number represents a change of -0.2% year over year.
Worldwide Gross Billings by Top 3 Power Brands- Hot Wheels: $417.50 million versus $380.39 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +18.6% change.
North America Gross Billings by Top 3 Power Brands- Barbie: $252.80 million compared to the $233.34 million average estimate based on two analysts. The reported number represents a change of +42.7% year over year.
North America Gross Billings by Top 3 Power Brands- Hot Wheels: $198.50 million versus the two-analyst average estimate of $166.24 million. The reported number represents a year-over-year change of +24.5%.
North America Gross Billings by Top 3 Power Brands- Fisher-Price: $151.20 million compared to the $158.97 million average estimate based on two analysts. The reported number represents a change of +18% year over year.
International Gross Billings by Top 3 Power Brands- Barbie: $220.30 million compared to the $242.49 million average estimate based on two analysts. The reported number represents a change of +13% year over year.
International Gross Billings by Top 3 Power Brands- Hot Wheels: $219 million versus $198.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.8% change.
International Gross Billings by Top 3 Power Brands- Fisher-Price: $94.10 million compared to the $135.52 million average estimate based on two analysts. The reported number represents a change of -20.1% year over year.
Worldwide Gross Billings by Categories- Dolls: $763.10 million versus $731.43 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +29.5% change.
Worldwide Gross Billings by Categories- Infant, Toddler, and Preschool: $292.20 million versus the two-analyst average estimate of $326.62 million. The reported number represents a year-over-year change of +9.4%.
Net Sales- American Girl: $103.50 million versus the two-analyst average estimate of $120.94 million. The reported number represents a year-over-year change of -8.8%.
Shares of Mattel have returned +1.2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Mattel (MAT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Mattel (MAT - Free Report) reported revenue of $1.62 billion, up 15.6% over the same period last year. EPS came in at $0.29, compared to $0.18 in the year-ago quarter.
The reported revenue represents a surprise of -2.18% over the Zacks Consensus Estimate of $1.66 billion. With the consensus EPS estimate being $0.30, the EPS surprise was -3.33%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Mattel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Worldwide Gross Billings by Top 3 Power Brands- Barbie: $473.10 million versus $458.66 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +27.1% change.
- Worldwide Gross Billings by Top 3 Power Brands- Fisher-Price: $245.30 million compared to the $282.39 million average estimate based on three analysts. The reported number represents a change of -0.2% year over year.
- Worldwide Gross Billings by Top 3 Power Brands- Hot Wheels: $417.50 million versus $380.39 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +18.6% change.
- North America Gross Billings by Top 3 Power Brands- Barbie: $252.80 million compared to the $233.34 million average estimate based on two analysts. The reported number represents a change of +42.7% year over year.
- North America Gross Billings by Top 3 Power Brands- Hot Wheels: $198.50 million versus the two-analyst average estimate of $166.24 million. The reported number represents a year-over-year change of +24.5%.
- North America Gross Billings by Top 3 Power Brands- Fisher-Price: $151.20 million compared to the $158.97 million average estimate based on two analysts. The reported number represents a change of +18% year over year.
- International Gross Billings by Top 3 Power Brands- Barbie: $220.30 million compared to the $242.49 million average estimate based on two analysts. The reported number represents a change of +13% year over year.
- International Gross Billings by Top 3 Power Brands- Hot Wheels: $219 million versus $198.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.8% change.
- International Gross Billings by Top 3 Power Brands- Fisher-Price: $94.10 million compared to the $135.52 million average estimate based on two analysts. The reported number represents a change of -20.1% year over year.
- Worldwide Gross Billings by Categories- Dolls: $763.10 million versus $731.43 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +29.5% change.
- Worldwide Gross Billings by Categories- Infant, Toddler, and Preschool: $292.20 million versus the two-analyst average estimate of $326.62 million. The reported number represents a year-over-year change of +9.4%.
- Net Sales- American Girl: $103.50 million versus the two-analyst average estimate of $120.94 million. The reported number represents a year-over-year change of -8.8%.
View all Key Company Metrics for Mattel here>>>Shares of Mattel have returned +1.2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.