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Hasbro (HAS) Advances While Market Declines: Some Information for Investors
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Hasbro (HAS - Free Report) ended the recent trading session at $82.56, demonstrating a +1.14% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. Meanwhile, the Dow experienced a drop of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.09%.
The toy maker's stock has dropped by 1.26% in the past month, falling short of the Consumer Discretionary sector's gain of 2.33% and the S&P 500's gain of 2.57%.
The investment community will be closely monitoring the performance of Hasbro in its forthcoming earnings report. The company's upcoming EPS is projected at $0.97, signifying a 110.87% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.29 billion, up 16.78% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.01 per share and a revenue of $4.54 billion, signifying shifts of +24.94% and +9.82%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Hasbro. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Hasbro holds a Zacks Rank of #3 (Hold).
Investors should also note Hasbro's current valuation metrics, including its Forward P/E ratio of 16.29. For comparison, its industry has an average Forward P/E of 13.94, which means Hasbro is trading at a premium to the group.
Also, we should mention that HAS has a PEG ratio of 1.59. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Toys - Games - Hobbies industry was having an average PEG ratio of 1.96.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 231, positioning it in the bottom 7% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Hasbro (HAS) Advances While Market Declines: Some Information for Investors
Hasbro (HAS - Free Report) ended the recent trading session at $82.56, demonstrating a +1.14% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. Meanwhile, the Dow experienced a drop of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.09%.
The toy maker's stock has dropped by 1.26% in the past month, falling short of the Consumer Discretionary sector's gain of 2.33% and the S&P 500's gain of 2.57%.
The investment community will be closely monitoring the performance of Hasbro in its forthcoming earnings report. The company's upcoming EPS is projected at $0.97, signifying a 110.87% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.29 billion, up 16.78% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.01 per share and a revenue of $4.54 billion, signifying shifts of +24.94% and +9.82%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Hasbro. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Hasbro holds a Zacks Rank of #3 (Hold).
Investors should also note Hasbro's current valuation metrics, including its Forward P/E ratio of 16.29. For comparison, its industry has an average Forward P/E of 13.94, which means Hasbro is trading at a premium to the group.
Also, we should mention that HAS has a PEG ratio of 1.59. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Toys - Games - Hobbies industry was having an average PEG ratio of 1.96.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 231, positioning it in the bottom 7% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.