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Stock impact report

Here's Why Mattel (MAT) Is an Attractive Pick Right Now [Yahoo! Finance]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Company Research Source: Yahoo! Finance
Additionally, the company's efforts to diversify its product portfolio and expand digitally contribute positively to its performance. The Zacks Rank #2 (Buy) company's earnings in 2024 is likely to witness growth of 11.4% year over year. In the past 60 days, estimates for 2024 earnings have witnessed upward revisions of 4.6%. Let's delve deeper. Growth Drivers Strong performance of Hot Wheels continues to impress investors. During the fourth quarter of 2023, worldwide gross billings at the Hot Wheels brand rose 19% (on a reported basis) and 16% (at cc) year over year. The company has been witnessing an improving sales trend for Hot Wheels and is quite confident about the brand's long-term prospects. Moreover, initiatives for product portfolio expansion along with other digital expansions add to the growth trend. Given a strong product line-up, which includes core brands, licensed brands and lucrative product associations, Mattel remains well positioned for growth. Owing to p Show less Read more
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