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Tale of the Tape

Zacks Equity Research

Hasbro's (HAS) Q3 Earnings & Revenue Beat Estimates
October 17, 2016

HAS

Trades from $3

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 18.76%. 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. You can see the complete list of today’s Zacks #1 Rank stocks here.

HASBRO INC Price and EPS Surprise

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 $1.74 per share, and the company reported earnings of $2.03 per share. Investors should note that these figures take out stock option expenses.

Revenues: HAS reported revenues of $1.68 billion. This beat our consensus estimate of $1.57 billion.

Key Stats to Note: Notably, the company witnessed year-over-year improvement in revenues three out of its four product categories – Games, Girls, Boys – with Preschool being the exception. However, it recorded revenue growth in each of its reporting segments – U.S. & Canada, International, Entertainment & Licensing.

Stock Price Impact: At the time of writing, the stock price of Hasbro was up nearly 4% during 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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