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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 moving slightly downwards over the last 60 days. However, 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 21.76%. 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 $1.28 per share, and the company reported earnings of $1.64 per share. Investors should note that these figures take out stock option expenses.
Revenues: HAS reported revenues of $1.63 billion. This beat our consensus estimate of $1.51 billion.
Key Stats to Note: In fourth-quarter 2016, the company witnessed year-over-year improvement in revenues in two out of its four product categories. While Games and Girls segment recorded a gain, revenues declined at Boys and Preschool.
Stock Price Impact: At the time of writing, the stock price of Hasbro was up over 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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Hasbro (HAS) Tops Q4 Earnings & Revenue 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 moving slightly downwards over the last 60 days. However, 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 21.76%. 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 $1.28 per share, and the company reported earnings of $1.64 per share. Investors should note that these figures take out stock option expenses.
Revenues: HAS reported revenues of $1.63 billion. This beat our consensus estimate of $1.51 billion.
Key Stats to Note: In fourth-quarter 2016, the company witnessed year-over-year improvement in revenues in two out of its four product categories. While Games and Girls segment recorded a gain, revenues declined at Boys and Preschool.
Stock Price Impact: At the time of writing, the stock price of Hasbro was up over 4% during pre-market trading hours following the earnings release.
Check back later for our full write up on this HAS earnings report!
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>