Mattel, Inc. ( MAT ) saw a big move last session, as the company's shares fell by more than 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MAT, as the stock is now down over 19% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as this toy product manufacturer has seen a couple of negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
MAT currently has a Zacks Rank #4 (Sell) while its Earnings ESP
A better-ranked stock in the same industry include Activision Blizzard, Inc.
), which carries a Zacks Rank #2 (Buy). However, investors interested in the broader Consumer Discretionary sector can consider Multimedia Games Holding Company, Inc.
) and Las Vegas Sands Corp.
), both carrying Zacks Rank #2.
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