Jakks Pacific (JAKK) Tops Q3 Earnings and Revenue Estimates

Company Performance - Jakks Pacific (JAKK) reported quarterly earnings of $4.79 per share, exceeding the Zacks Consensus Estimate of $3.55 per share, and showing a slight increase from $4.75 per share a year ago, resulting in an earnings surprise of 34.93% [1] - The company posted revenues of $321.61 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.99%, compared to $309.74 million in the same quarter last year [2] - Over the last four quarters, Jakks has only surpassed consensus EPS estimates once and has topped consensus revenue estimates just once [2] Stock Outlook - Jakks shares have declined approximately 22.8% since the beginning of the year, contrasting with the S&P 500's gain of 22.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of $134.28 million, and for the current fiscal year, it is $3.07 on revenues of $676.41 million [7] Industry Context - The Toys - Games - Hobbies industry, to which Jakks belongs, is currently ranked in the top 41% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Jakks' stock performance [5]