Mattel, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Mattel, Inc. (NASDAQ:MAT) will unveil its latest earnings on Friday, July 15, 2011. Mattel Inc. designs and manufactures a variety of toys and games for customers and consumers worldwide.

Mattel, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 16 cents per share, a rise of 14.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 15 cents. For the year, analysts are projecting profit of $2.07 per share, a rise of 11.3% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported net income of 5 cents per share versus a mean estimate of profit of 5 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.1 billion in revenue this quarter, a rise of 7.8% from the year ago quarter. Analysts are forecasting total revenue of $6.23 billion for the year, a rise of 6.3% from last year’s revenue of $5.86 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 8.2% to $951.9 million in first quarter. The figure rose 8.7% in the fourth quarter of the last fiscal year from the year earlier, climbed 2.3% in the third quarter of the last fiscal year from the year-ago quarter and 13.4% in the second quarter of the last fiscal year.

The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 33.1% from the year earlier quarter, while the figure dropped 1% in the fourth quarter of the last fiscal year.

Competitors to Watch: JAKKS Pacific, Inc. (NASDAQ:JAKK), Hasbro, Inc. (NYSE:HAS), Kid Brands Inc (NYSE:KID), LeapFrog Enterprises, Inc. (NYSE:LF), and Casdon plc (AMEX:CDY).

Stock Price Performance: During April 13, 2011 to July 11, 2011, the stock price had risen $1.92 (7.6%) from $25.21 to $27.13. Shares have been on an upward streak of late, closing up every day between July 7, 2011 and July 11, 2011. It saw one of its worst periods between January 28, 2011, and February 9, 2011, when shares fell for nine-straight days, falling 8.6% (-$2.16) over that span. Shares are up $2.15 (+8.6%) year to date.

(Source: Xignite Financials)

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