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Here we present four top-ranked stocks - JAKK, MOD, BBSI and RCMT - with solid net profit margins that can contribute toward making a strong portfolio.
Jakks (JAKK) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
BROS, JAKK, PAY, BUR and RYI have been added to the Zacks Rank #1 (Strong Buy) List on December 4, 2023.
Jakks (JAKK) reported earnings 30 days ago. What's next for the stock?
JAKK turned in a strong quarter, highlighted by gross margins climbing 600bps. The company also announced two important new licensing deals. Trading at a huge discount to its peers, JAKK continues to not get credit for its turnaround.
JAKKS Pacific rewarded investors with 92.16% returns since May 2022, beating EPS expectations for three quarters and displaying promising growth for FY2024. Q3 2023 demonstrated higher shipping, a 32.5% gross profit margin, and optimistic future prospects, indicating strong growth potential. Cautious of JAKKS Pacific's strong dependency on its largest customers for improved revenue results.
Jakks (JAKK) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
JAKKS Pacific, Inc. (NASDAQ:JAKK ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Stephen Berman - Chairman & Chief Executive Officer John Kimble - Chief Financial Officer Conference Call Participants Andrew Uerkwitz - Jefferies Operator Good afternoon, everyone. Welcome to the JAKKS Pacific Third Quarter 2023 Earnings Conference Call with management, who will review financial results for the quarter ended September 30, 2023.
JAKK, PAM and NOA made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 26, 2023.
Products from Nintendo's Super Mario Bros and Disney's Little Mermaid movies have shown to boost revenue greatly. JAKKS Pacific's licensing opportunities from upcoming movies like Inside Out 2 and Paw Patrol: The Mighty Movie will continue to drive sales. Debt has been reduced to zero, resulting in a much leaner and flexible capital structure.