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.
However, lack of growth in some of its businesses and an increase in costs related to initiatives undertaken to boost its business remain primary concerns.
Investors should note that the consensus estimate for Hasbro has hardly witnessed any significant movement 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 all of the last four quarters, with an average beat of 20.92%. Revenues also posted positive surprises in all 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. 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 39 cents per share, and the company reported earnings of 41 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: HAS reported revenues of $878.9 million. This beat our consensus estimate of $876 million.
Key Stats to Note: Notably, the company witnessed year-over-year improvement in revenues at all four of its product segments -- Games, Girls, Preschool and Boys. However, currency headwinds had a negative impact on Hasbro’s revenues.
Stock Price Impact: In-active in pre-market trading.
Check back later for our full write up on this HAS earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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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.
However, lack of growth in some of its businesses and an increase in costs related to initiatives undertaken to boost its business remain primary concerns.
Investors should note that the consensus estimate for Hasbro has hardly witnessed any significant movement 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 all of the last four quarters, with an average beat of 20.92%. Revenues also posted positive surprises in all 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. 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 39 cents per share, and the company reported earnings of 41 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: HAS reported revenues of $878.9 million. This beat our consensus estimate of $876 million.
Key Stats to Note: Notably, the company witnessed year-over-year improvement in revenues at all four of its product segments -- Games, Girls, Preschool and Boys. However, currency headwinds had a negative impact on Hasbro’s revenues.
Stock Price Impact: In-active in pre-market trading.
Check back later for our full write up on this HAS earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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