JAKKS Pacific Goes Negative
JAKKS Pacific (NAS: JAKK) reported earnings on Feb. 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), JAKKS Pacific beat expectations on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
JAKKS Pacific logged revenue of $141.1 million. The five analysts polled by S&P Capital IQ predicted a top line of $124.2 million on the same basis. GAAP reported sales were 29% lower than the prior-year quarter's $198.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.72. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.61 per share on the same basis. GAAP EPS were -$0.77 for Q4 against $0.26 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.1%, 1,800 basis points worse than the prior-year quarter. Operating margin was -25.5%, 3,100 basis points worse than the prior-year quarter. Net margin was -14.2%, 1,870 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $70.7 million. On the bottom line, the average EPS estimate is -$0.48.
Next year's average estimate for revenue is $721.7 million. The average EPS estimate is $1.00.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 426 members out of 450 rating the stock outperform, and 24 members rating it underperform. Among 138 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 133 give JAKKS Pacific a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on JAKKS Pacific is hold, with an average price target of $18.50.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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