For the quarter ended March 2024, Hasbro (HAS - Free Report) reported revenue of $757.3 million, down 24.4% over the same period last year. EPS came in at $0.61, compared to $0.01 in the year-ago quarter.
The reported revenue represents a surprise of +1.96% over the Zacks Consensus Estimate of $742.72 million. With the consensus EPS estimate being $0.27, the EPS surprise was +125.93%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hasbro performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- External Net Revenues- Entertainment: $28 million compared to the $23.66 million average estimate based on five analysts. The reported number represents a change of -84.9% year over year.
- External Net Revenues- Consumer Products: $413 million compared to the $392.96 million average estimate based on five analysts.
- External Net Revenues- Wizards of the Coast and Digital Gaming: $316.30 million versus $320.85 million estimated by five analysts on average.
- Wizards of the Coast and Digital Gaming Net Revenues- Tabletop Gaming: $228.20 million versus the four-analyst average estimate of $234.30 million. The reported number represents a year-over-year change of +4.7%.
- Wizards of the Coast and Digital Gaming Net Revenues- Digital and Licensed Gaming: $88.10 million compared to the $88.53 million average estimate based on four analysts. The reported number represents a change of +14% year over year.
- Entertainment Segment Net Revenues- Family Brands: $28 million versus the two-analyst average estimate of $13.47 million. The reported number represents a year-over-year change of +64.7%.
View all Key Company Metrics for Hasbro here>>>Shares of Hasbro have returned +6.5% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
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For the quarter ended March 2024, Hasbro (HAS - Free Report) reported revenue of $757.3 million, down 24.4% over the same period last year. EPS came in at $0.61, compared to $0.01 in the year-ago quarter.
The reported revenue represents a surprise of +1.96% over the Zacks Consensus Estimate of $742.72 million. With the consensus EPS estimate being $0.27, the EPS surprise was +125.93%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hasbro performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- External Net Revenues- Entertainment: $28 million compared to the $23.66 million average estimate based on five analysts. The reported number represents a change of -84.9% year over year.
- External Net Revenues- Consumer Products: $413 million compared to the $392.96 million average estimate based on five analysts.
- External Net Revenues- Wizards of the Coast and Digital Gaming: $316.30 million versus $320.85 million estimated by five analysts on average.
- Wizards of the Coast and Digital Gaming Net Revenues- Tabletop Gaming: $228.20 million versus the four-analyst average estimate of $234.30 million. The reported number represents a year-over-year change of +4.7%.
- Wizards of the Coast and Digital Gaming Net Revenues- Digital and Licensed Gaming: $88.10 million compared to the $88.53 million average estimate based on four analysts. The reported number represents a change of +14% year over year.
- Entertainment Segment Net Revenues- Family Brands: $28 million versus the two-analyst average estimate of $13.47 million. The reported number represents a year-over-year change of +64.7%.
View all Key Company Metrics for Hasbro here>>>Shares of Hasbro have returned +6.5% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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