Here's What Key Metrics Tell Us About Mattel (MAT) Q1 Earnings

Core Insights - Mattel reported revenue of $809.5 million for Q1 2024, a year-over-year decline of 0.6% [1] - The EPS for the same period was -$0.05, an improvement from -$0.24 a year ago [1] - Revenue fell short of the Zacks Consensus Estimate of $837.62 million, resulting in a surprise of -3.36% [1] - The company experienced an EPS surprise of +58.33%, with the consensus EPS estimate being -$0.12 [1] Key Metrics - Barbie's worldwide gross billings were $177.50 million, below the average estimate of $183.28 million [2] - Fisher-Price's worldwide gross billings reached $93.40 million, significantly lower than the average estimate of $117.71 million [2] - Hot Wheels generated worldwide gross billings of $258.10 million, slightly below the average estimate of $258.97 million [2] Stock Performance - Over the past month, Mattel's shares returned -3.8%, compared to the Zacks S&P 500 composite's -4.2% change [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]