Mattel, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Mattel, Inc. (NASDAQ:MAT) will unveil its latest earnings on Friday, October 14, 2011. Mattel 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 86 cents per share, a rise of 11.7% 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 85 cents. Between one and three months ago, the average estimate moved up. It has dropped from 87 cents during the last month. Analysts are projecting profit to rise by 15.1% versus last year to $2.14.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported profit of 23 cents per share versus a mean estimate of 16 cents. Two quarters ago, it reported net income of 5 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.7% in revenue from the year-earlier quarter to $1.97 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.

A Look Back: In the second quarter, profit rose 56.1% to $80.5 million (23 cents a share) from $51.6 million (14 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 14.1% to $1.16 billion from $1.02 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 8.2% in the first quarter from the year earlier, climbed 8.7% in the fourth quarter of the last fiscal year from the year-ago quarter and 2.3% in the third quarter of the last fiscal year.

The increase in profit in the second quarter broke a streak of two consecutive quarters of year-over-year profit decreases. The figure dropped 33.1% in the first quarter and 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), Target (NYSE:TGT), Wal-Mart (NYSE:WMT) and Casdon plc (AMEX:CDY).

Stock Price Performance: During August 12, 2011 to October 10, 2011, the stock price had risen $3.57 (14.8%) from $24.20 to $27.77. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 9, 2011 when shares rose for nine-straight days, rising 9.3% (+$2.14) over that span. It saw one of its worst periods between September 16, 2011 and September 23, 2011 when shares fell for six-straight days, falling 5.4% (-$1.47) over that span. Shares are up $3.01 (+12.2%) year to date.

(Source: Xignite Financials)

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