Mattel Earnings: Here’s Why Investors are Happy Now

Mattel Inc. (NASDAQ:MAT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.23%.

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Mattel Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 83.33% to $0.11 in the quarter versus EPS of $0.06 in the year-earlier quarter.

Revenue: Rose 7.23% to $995.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Mattel Inc. reported adjusted EPS income of $0.11 per share. By that measure, the company beat the mean analyst estimate of $0.09. It beat the average revenue estimate of $985.79 million.

Quoting Management: “Overall, 2013 is off to a solid start, demonstrating the strength of our global portfolio of brands, countries and customers. We are very pleased with the performance of our Girls portfolio and the strong results across all regions, particularly Europe,” said Bryan G. Stockton, Mattel Chairman and Chief Executive Officer. “We continue to see the first quarter as our pre-season and we remain focused on a strong 2013 and delivering in the all-important holiday season.”

Key Stats (on next page)…

Revenue decreased 55.87% from $2.26 billion in the previous quarter. EPS decreased 90.18% from $1.12 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.30 to a profit $0.31. For the current year, the average estimate has moved up from a profit of $2.79 to a profit of $2.80 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]