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Hasbro (HAS) Stock Falls Amid Market Uptick: What Investors Need to Know
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Hasbro (HAS - Free Report) ended the recent trading session at $89.38, demonstrating a -4.51% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.48%, while the tech-heavy Nasdaq appreciated by 1.16%.
Shares of the toy maker witnessed a loss of 4.13% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 6.69%, and the S&P 500's loss of 4.99%.
The investment community will be paying close attention to the earnings performance of Hasbro in its upcoming release. The company is forecasted to report an EPS of $0.97, showcasing a 6.73% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $911.59 million, indicating a 2.76% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.66 per share and revenue of $4.92 billion, indicating changes of +2.17% and +4.73%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Hasbro. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.35% higher. At present, Hasbro boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Hasbro currently has a Forward P/E ratio of 16.54. Its industry sports an average Forward P/E of 11.08, so one might conclude that Hasbro is trading at a premium comparatively.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 231, putting it in the bottom 6% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Hasbro (HAS) Stock Falls Amid Market Uptick: What Investors Need to Know
Hasbro (HAS - Free Report) ended the recent trading session at $89.38, demonstrating a -4.51% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.48%, while the tech-heavy Nasdaq appreciated by 1.16%.
Shares of the toy maker witnessed a loss of 4.13% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 6.69%, and the S&P 500's loss of 4.99%.
The investment community will be paying close attention to the earnings performance of Hasbro in its upcoming release. The company is forecasted to report an EPS of $0.97, showcasing a 6.73% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $911.59 million, indicating a 2.76% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.66 per share and revenue of $4.92 billion, indicating changes of +2.17% and +4.73%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Hasbro. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.35% higher. At present, Hasbro boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Hasbro currently has a Forward P/E ratio of 16.54. Its industry sports an average Forward P/E of 11.08, so one might conclude that Hasbro is trading at a premium comparatively.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 231, putting it in the bottom 6% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.