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Hasbro (HAS) Falls More Steeply Than Broader Market: What Investors Need to Know
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Hasbro (HAS - Free Report) closed the most recent trading day at $82.87, moving -1.8% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.44% for the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
Coming into today, shares of the toy maker had lost 4.21% in the past month. In that same time, the Consumer Discretionary sector lost 1.97%, while the S&P 500 gained 0.08%.
Market participants will be closely following the financial results of Hasbro in its upcoming release. The company is forecasted to report an EPS of $1.18, showcasing a 9.23% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.05 billion, reflecting a 6.82% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.01 per share and a revenue of $4.98 billion, demonstrating changes of +8.48% and +5.94%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Hasbro. Recent revisions tend to reflect the latest near-term business trends. 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 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, 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. Within the past 30 days, our consensus EPS projection has moved 1.48% higher. Hasbro is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Hasbro is currently trading at a Forward P/E ratio of 14.05. This denotes a premium relative to the industry average Forward P/E of 10.57.
It is also worth noting that HAS currently has a PEG ratio of 2.06. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Toys - Games - Hobbies industry was having an average PEG ratio of 1.66.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Hasbro (HAS) Falls More Steeply Than Broader Market: What Investors Need to Know
Hasbro (HAS - Free Report) closed the most recent trading day at $82.87, moving -1.8% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.44% for the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
Coming into today, shares of the toy maker had lost 4.21% in the past month. In that same time, the Consumer Discretionary sector lost 1.97%, while the S&P 500 gained 0.08%.
Market participants will be closely following the financial results of Hasbro in its upcoming release. The company is forecasted to report an EPS of $1.18, showcasing a 9.23% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.05 billion, reflecting a 6.82% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.01 per share and a revenue of $4.98 billion, demonstrating changes of +8.48% and +5.94%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Hasbro. Recent revisions tend to reflect the latest near-term business trends. 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 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, 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. Within the past 30 days, our consensus EPS projection has moved 1.48% higher. Hasbro is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Hasbro is currently trading at a Forward P/E ratio of 14.05. This denotes a premium relative to the industry average Forward P/E of 10.57.
It is also worth noting that HAS currently has a PEG ratio of 2.06. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Toys - Games - Hobbies industry was having an average PEG ratio of 1.66.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.