JAKKS Pacific Beats on the Top Line
JAKKS Pacific (NAS: JAKK) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), JAKKS Pacific beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP loss per share increased. GAAP loss per share grew.
Margins dropped across the board.
JAKKS Pacific tallied revenue of $78.1 million. The seven analysts polled by S&P Capital IQ expected to see revenue of $71.4 million on the same basis. GAAP reported sales were 6.4% higher than the prior-year quarter's $73.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$1.23. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.84 per share. Non-GAAP EPS were -$1.23 for Q1 against -$0.62 per share for the prior-year quarter. GAAP EPS were -$1.26 for Q1 versus -$0.62 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 31.3%, 80 basis points worse than the prior-year quarter. Operating margin was -30.5%, 410 basis points worse than the prior-year quarter. Net margin was -35.3%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $145.0 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $689.4 million. The average EPS estimate is $0.58.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 423 members out of 450 rating the stock outperform, and 27 members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 105 give JAKKS Pacific a green thumbs-up, and three 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 $11.00.
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The article JAKKS Pacific Beats on the Top Line originally appeared on Fool.com.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. The Motley Fool has no position in any of the stocks mentioned. 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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