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Hasbro (HAS) Stock Declines While Market Improves: Some Information for Investors
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Hasbro (HAS - Free Report) ended the recent trading session at $89.40, demonstrating a -1.13% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.1%.
Heading into today, shares of the toy maker had lost 5.6% over the past month, lagging the Consumer Discretionary sector's loss of 5% and the S&P 500's loss of 1.74%.
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 6.73% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $911.59 million, up 2.76% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.66 per share and a revenue of $4.92 billion, representing changes of +2.17% and +4.73%, respectively, from the prior year.
Investors might also notice 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.09% decrease. Hasbro presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Hasbro is currently exchanging hands at a Forward P/E ratio of 15.98. This valuation marks a premium compared to its industry average Forward P/E of 11.06.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 232, which puts it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Hasbro (HAS) Stock Declines While Market Improves: Some Information for Investors
Hasbro (HAS - Free Report) ended the recent trading session at $89.40, demonstrating a -1.13% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.1%.
Heading into today, shares of the toy maker had lost 5.6% over the past month, lagging the Consumer Discretionary sector's loss of 5% and the S&P 500's loss of 1.74%.
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 6.73% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $911.59 million, up 2.76% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.66 per share and a revenue of $4.92 billion, representing changes of +2.17% and +4.73%, respectively, from the prior year.
Investors might also notice 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.09% decrease. Hasbro presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Hasbro is currently exchanging hands at a Forward P/E ratio of 15.98. This valuation marks a premium compared to its industry average Forward P/E of 11.06.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 232, which puts it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.