Toy manufacturing and entertainment company (NASDAQ: MAT) will be announcing earnings results this Tuesday after market hours. Here’s what you need to know.

Mattel missed analysts’ revenue expectations by 3.2% last quarter, reporting revenues of $1.02 billion, down 5.7% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ revenue estimates.

Is Mattel a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Mattel’s revenue to be flat year on year at $1.84 billion, improving from the 3.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.06 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Mattel has only missed Wall Street’s revenue estimates once since going public and has exceeded top-line expectations by 0.6% on average.

Looking at Mattel’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nike delivered year-on-year revenue growth of 1.1%, beating analysts’ expectations by 6.5%, and Delta reported revenues up 6.4%, topping estimates by 3.8%. Nike traded up 6.5% following the results while Delta’s stock price was unchanged.

Read our full analysis of Nike’s results here and Delta’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.7% on average over the last month. Mattel is up 7.4% during the same time and is heading into earnings with an average analyst price target of $24.67 (compared to the current share price of $18.35).

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