The Zacks Toys - Games - Hobbies industry benefits from the robust demand for smart toys, STEM (science, technology, engineering and math) toys, sports toys, and fashion dolls and accessories. Industry participants have been undertaking efforts on the digital front and focusing on better execution of marketing and promotional initiatives to drive growth. Stocks like Mattel, Inc. (MAT) and JAKKS Pacific, Inc. (JAKK) are likely to gain from these trends.Industry Description The Zacks Toys - Games – Hobbies in ...

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Jakks Pacific (JAKK) closed the last trading session at $28.39, gaining 1.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $41.25 indicates a 45.3% upside potential.The mean estimate comprises four short-term price targets with a standard deviation of $3.40. While the lowest estimate of $38 indicates a 33.9% increase from the current price level, the most optimistic analyst expec ...

Shares of JAKKS Pacific, Inc. (JAKK) have rallied 52.1% in the past six months, significantly outperforming 15.5% growth registered by the Zacks Toys - Games - Hobbies industry. JAKK also outpaced the broader Consumer Discretionary  sector and the S&P 500 index's 13.8% and 10.3% growth, respectively, during the same period.The company is benefiting from retail expansion and product launches. Its focus on brand collaborations and licensing partnerships supports growth. The company’s efforts to diversify its ...

JAKKS Pacific, Inc. (NASDAQ: JAKK ), the toy producer and distributor with specially licensed brand sales from several companies such as Disney and Nintendo, reported the company's Q3 earnings on the 30th of October in post-market hours. After aI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understand ...

Financial Performance - Q3 2024 net sales were $321.6 million, a year-over-year increase of 4%[2] - Toys/Consumer Products net sales were $264.3 million, a year-over-year increase of 7%[2] - Costumes net sales were $57.3 million, a year-over-year decrease of 10%[2] - Operating income was $68.1 million, representing 21.2% of net sales, up from 20.1% in Q3 2023[2] - Net income attributable to common stockholders was $52.3 million or $4.64 per diluted share, compared to $47.8 million or $4.53 per diluted share in Q3 2023[2] - Year-to-date adjusted net income was $50.0 million ($4.50 per diluted share), down from $59.4 million ($5.66 per diluted share) in the first nine months of 2023[5] - Net income attributable to JAKKS Pacific, Inc. increased by 9% to $52.3 million in Q3 2024 compared to $48.1 million in Q3 2023[16] - The company experienced a 12% decrease in net income for the nine months ended September 30, 2024, totaling $43.3 million compared to $48.9 million in the same period of 2023[16] - TTM net income decreased to $32,441,000 from $87,094,000, a decline of $54,653,000[19] Margins and Expenses - Gross margin was 33.8%, down 70 basis points compared to Q3 2023[2] - Adjusted EBITDA for Q3 2024 was $74.4 million, up from $67.1 million in Q3 2023[2] - Gross profit margin decreased to 33.8% in Q3 2024 from 34.5% in Q3 2023, reflecting a decline in gross profit to $108.8 million[17] - Direct selling expenses decreased by 29% to $7.6 million in Q3 2024, compared to $10.7 million in Q3 2023[16] - General and administrative expenses increased by 9% to $100.9 million for the nine months ended September 30, 2024, compared to $92.5 million in the same period of 2023[16] - The company reported a decrease in royalty expenses by 2% to $50.0 million in Q3 2024 compared to $51.1 million in Q3 2023[16] - Interest expense decreased significantly by 62% to $539,000 in Q3 2024 from $1.4 million in Q3 2023[18] - Interest expense decreased to $1,648,000 from $8,035,000, a reduction of $6,387,000[19] - The overall TTM Adjusted EBITDA margin decreased to 8.5%, down 190 basis points from 10.4%[19] Cash and Inventory - Cash and cash equivalents totaled $22.3 million as of September 30, 2024, down from $96.4 million a year earlier[6] - Inventory was $63.5 million, compared to $68.8 million as of September 30, 2023[6] Earnings Per Share - Earnings per share (EPS) for Q3 2024 was $4.78, slightly up from $4.77 in Q3 2023[16] - Adjusted earnings per share (diluted) decreased to $4.79 from $5.66, a decline of $0.87[20] Regional Sales Performance - Net sales in the United States for Q3 2023 were $255,278,000, a 4.2% increase year-over-year, but a 3.5% decline compared to the previous quarter[21] - Latin America showed significant growth with Q3 2023 sales of $22,632,000, a 47.7% increase year-over-year[21] - Total net sales for Q3 2023 were $321,606,000, reflecting a 3.8% increase from Q3 2022[21] - The company reported a 22.8% increase in year-to-date sales for Latin America compared to the previous year[21] Other Financial Impacts - The company experienced a loss from joint ventures totaling $565,000, impacting overall profitability[20] - TTM Adjusted EBITDA fell to $58,490,000, down 22% from $74,549,000[19]

JAKKS Pacific, Inc. (JAKK) reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate after missing in the preceding three quarters.The company reported impressive third-quarter results, marking JAKK’s strongest shipping quarter in a decade for its U.S. business. This was largely attributed to its longstanding focus on the FOB selling model. Management emphasized that the yearly plan remains on track to meet its goals.Find the latest EPS estimates and surprises on Z ...

Jakks Pacific (JAKK) came out with quarterly earnings of $4.79 per share, beating the Zacks Consensus Estimate of $3.55 per share. This compares to earnings of $4.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 34.93%. A quarter ago, it was expected that this toymaker would post earnings of $0.86 per share when it actually produced earnings of $0.65, delivering a surprise of -24.42%.Over the last four quarters, the company ...

SANTA MONICA, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the third quarter and nine months ended September 30, 2024. Third Quarter 2024 Overview Net sales were $321.6 million, a year-over-year increase of 4% Toys/Consumer Products net sales were $264.3 million, a year-over-year increase of 7% Toys/Consumer Products net sales year-to-date are $451.8 million, a year-over-year decrease of 2%    Costumes net sales were $57.3 million, a year ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...