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Hasbro's (HAS) Q4 Earnings Beat, Revenues Miss Estimates
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Hasbro Inc. (HAS - Free Report) along with its subsidiaries, provides children’s and family leisure time products and services globally. Hasbro’s product segments comprise Games, Girls, Preschool and Boys categories.
Given Hasbro’s strong product line-up, which includes its core brands, licensed brands and lucrative product associations, the company remains well positioned for future growth. Moreover, the company’s consistent efforts to establish its global presence through strategic partnerships and rapid growth in emerging markets bode well. Meanwhile, increased investments in digital gaming market should drive revenues.
However, lack of growth in some of its brands and an increase in costs related to initiatives undertaken to boost its business remain primary concerns. Additionally, a challenging retail environment for toys in the U.S. remains threat to top-line growth.
Investors should note that the consensus estimate for Hasbro has been trending downward over the last 60 days. Meanwhile, HAS’s earnings have been strong over the past few quarters. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 16.97%. Revenues too posted positive surprises in each of the trailing four quarters.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: HAS beats on earnings. Our consensus earnings estimate called for earnings per share of $1.82, and the company reported adjusted earnings of $2.30 per share. Investors should note that these figures take out stock option expenses.
Revenues: HAS reported revenues of $1.6 billion. This fell short of our consensus estimate of $1.7 billion.
Key Stats to Note: Notably, the company witnessed year-over-year improvement in revenues in all of its reporting segments – U.S. & Canada, International and Entertainment & Licensing.
Stock Price Impact: At the time of writing, the stock price of Hasbro was down 4.2% during the pre-market trading hours following the earnings release.
Check back later for our full write up on this HAS earnings report!
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Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
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Hasbro's (HAS) Q4 Earnings Beat, Revenues Miss Estimates
Hasbro Inc. (HAS - Free Report) along with its subsidiaries, provides children’s and family leisure time products and services globally. Hasbro’s product segments comprise Games, Girls, Preschool and Boys categories.
Given Hasbro’s strong product line-up, which includes its core brands, licensed brands and lucrative product associations, the company remains well positioned for future growth. Moreover, the company’s consistent efforts to establish its global presence through strategic partnerships and rapid growth in emerging markets bode well. Meanwhile, increased investments in digital gaming market should drive revenues.
However, lack of growth in some of its brands and an increase in costs related to initiatives undertaken to boost its business remain primary concerns. Additionally, a challenging retail environment for toys in the U.S. remains threat to top-line growth.
Investors should note that the consensus estimate for Hasbro has been trending downward over the last 60 days. Meanwhile, HAS’s earnings have been strong over the past few quarters. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 16.97%. Revenues too posted positive surprises in each of the trailing four quarters.
HAS currently has a Zacks Rank #3 (Hold) but that could change following Hasbro’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: HAS beats on earnings. Our consensus earnings estimate called for earnings per share of $1.82, and the company reported adjusted earnings of $2.30 per share. Investors should note that these figures take out stock option expenses.
Revenues: HAS reported revenues of $1.6 billion. This fell short of our consensus estimate of $1.7 billion.
Key Stats to Note: Notably, the company witnessed year-over-year improvement in revenues in all of its reporting segments – U.S. & Canada, International and Entertainment & Licensing.
Stock Price Impact: At the time of writing, the stock price of Hasbro was down 4.2% during the pre-market trading hours following the earnings release.
Hasbro, Inc. Price and EPS Surprise
Hasbro, Inc. Price and EPS Surprise | Hasbro, Inc. Quote
Check back later for our full write up on this HAS earnings report!
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>