The world?s largest manufacturer of toys, Mattel Inc. (MAT) is slated to release its second quarter 2011 results on Friday, July 15, before the opening bell. The current Zacks Consensus Estimate for the second quarter is pegged at 16 cents per share, representing an annualized growth of 13.33%. The Zacks Consensus Sales estimate for the second quarter is $1,101 million.
With respect to earnings surprises over the trailing four quarters, Mattel witnessed significant upside from approximately negative 6.67% to positive 3.49%. The average earnings surprise was negative 0.17%. This implies that the company has missed the Zacks Consensus Estimate by the same magnitude over the last four quarters.
Previous Quarter Recap
Mattel reported first quarter 2011 earnings of 5 cents per share, which missed the Zacks Consensus Estimate of 7 cents and were in line with the prior-year quarter earnings.
During the quarter, net sales were $951.9 million, up 8%
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