Why Mattel (MAT) is Poised to Beat Earnings Estimates Again

Group 1 - The core viewpoint is that Mattel (MAT) is well-positioned to continue its earnings-beat streak, particularly due to its strong historical performance in exceeding earnings estimates [1][3]. - Mattel reported earnings of $1.14 per share for the last quarter, surpassing the Zacks Consensus Estimate of$0.94 per share, resulting in a surprise of 21.28% [2]. - The company has an average surprise of 20.01% over the past two quarters, indicating a consistent ability to exceed expectations [1][2]. Group 2 - There has been a favorable change in earnings estimates for Mattel, with a positive Earnings ESP of +7.69%, suggesting increased analyst optimism regarding its near-term earnings potential [3][6]. - The combination of a positive Earnings ESP and a Zacks Rank 3 (Hold) indicates a high likelihood of another earnings beat, with historical data showing that such combinations lead to positive surprises nearly 70% of the time [4][6]. - The next earnings report for Mattel is anticipated to be released on February 4, 2025 [6].