Published on 30 May 2024 on Zacks via Yahoo Finance
New Product Launch & Expansion Efforts Aid JAKKS Pacific (JAKK)
JAKKS Pacific, Inc. JAKK will likely benefit from retail expansion, product launch and brand collaborations. Also, the emphasis on licensing partnerships and international footprint bodes well.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.
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