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Stock impact report

New Product Launch & Expansion Efforts Aid JAKKS Pacific (JAKK) [Yahoo! Finance]

JAKKS Pacific, Inc. (JAKK) 
Last jakks pacific, inc. earnings: 2/19 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: jakks.com/investors
Company Research Source: Yahoo! Finance
The Zacks Rank #1 (Strong Buy) company's shares have declined 12.2% in the past year against the industry's growth of 6.7%. Although the stock has underperformed the industry, its solid international footprint, focus on innovation and collaborations with popular brands and movie franchisees are likely to drive the performance. Earnings estimates for 2024 have increased to $4.58 per share from $4.41 in the past 60 days, depicting analysts' optimism over the stock's growth potential. Image Source: Zacks Investment Research Let's discuss the major driving factors. Boosting Retail Presence: JAKKS Pacific focuses on expanding its reach to include prominent accounts such as Macy's and Amazon in the United States and Sainsbury's in the U.K. During the first-quarter 2024 earnings call, the company stated progress on working with ABG, including some iconic assortments of their properties comprising Element, Quiksilver, Roxy, Billabong, Volcom, Forever 21, Juicy Couture, Sports Illustr Show less Read more
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