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Hasbro (HAS) Exceeds Market Returns: Some Facts to Consider
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In the latest trading session, Hasbro (HAS - Free Report) closed at $82.97, marking a +1.18% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.19%. On the other hand, the Dow registered a gain of 0.66%, and the technology-centric Nasdaq decreased by 0.03%.
The toy maker's stock has climbed by 0.18% in the past month, exceeding the Consumer Discretionary sector's loss of 0.12% and lagging the S&P 500's gain of 0.54%.
The investment community will be paying close attention to the earnings performance of Hasbro in its upcoming release. On that day, Hasbro is projected to report earnings of $0.97 per share, which would represent year-over-year growth of 110.87%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.29 billion, up 16.78% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.01 per share and revenue of $4.54 billion, indicating changes of +24.94% and 0%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Hasbro should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has shifted 1.14% upward. Hasbro is currently a Zacks Rank #3 (Hold).
In the context of valuation, Hasbro is at present trading with a Forward P/E ratio of 15.07. Its industry sports an average Forward P/E of 11.42, so one might conclude that Hasbro is trading at a premium comparatively.
We can additionally observe that HAS currently boasts a PEG ratio of 1.47. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Toys - Games - Hobbies industry currently had an average PEG ratio of 1.78 as of yesterday's close.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 105, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Hasbro (HAS) Exceeds Market Returns: Some Facts to Consider
In the latest trading session, Hasbro (HAS - Free Report) closed at $82.97, marking a +1.18% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.19%. On the other hand, the Dow registered a gain of 0.66%, and the technology-centric Nasdaq decreased by 0.03%.
The toy maker's stock has climbed by 0.18% in the past month, exceeding the Consumer Discretionary sector's loss of 0.12% and lagging the S&P 500's gain of 0.54%.
The investment community will be paying close attention to the earnings performance of Hasbro in its upcoming release. On that day, Hasbro is projected to report earnings of $0.97 per share, which would represent year-over-year growth of 110.87%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.29 billion, up 16.78% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.01 per share and revenue of $4.54 billion, indicating changes of +24.94% and 0%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Hasbro should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has shifted 1.14% upward. Hasbro is currently a Zacks Rank #3 (Hold).
In the context of valuation, Hasbro is at present trading with a Forward P/E ratio of 15.07. Its industry sports an average Forward P/E of 11.42, so one might conclude that Hasbro is trading at a premium comparatively.
We can additionally observe that HAS currently boasts a PEG ratio of 1.47. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Toys - Games - Hobbies industry currently had an average PEG ratio of 1.78 as of yesterday's close.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 105, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.