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Exploring Analyst Estimates for Hasbro (HAS) Q2 Earnings, Beyond Revenue and EPS
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Analysts on Wall Street project that Hasbro (HAS - Free Report) will announce quarterly earnings of $1.15 per share in its forthcoming report, representing a decline of 11.5% year over year. Revenues are projected to reach $1.05 billion, increasing 6.7% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 3.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Hasbro metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'External Net Revenues- Entertainment' to reach $16.88 million. The estimate indicates a change of +5.5% from the prior-year quarter.
Analysts predict that the 'External Net Revenues- Consumer Products' will reach $451.31 million. The estimate points to a change of +2% from the year-ago quarter.
The average prediction of analysts places 'External Net Revenues- Wizards of the Coast and Digital Gaming' at $591.06 million. The estimate points to a change of +13.1% from the year-ago quarter.
Analysts expect 'Wizards of the Coast and Digital Gaming Net Revenues- Tabletop Gaming' to come in at $464.20 million. The estimate indicates a year-over-year change of +14.3%.
The collective assessment of analysts points to an estimated 'Wizards of the Coast and Digital Gaming Net Revenues- Digital and Licensed Gaming' of $114.98 million. The estimate suggests a change of -1% year over year.
Analysts' assessment points toward 'Operating profit (loss)- Wizards of the Coast and Digital Gaming' reaching $259.27 million. The estimate is in contrast to the year-ago figure of $241.80 million.
It is projected by analysts that the 'Operating profit (loss)- Entertainment' will reach $5.74 million. Compared to the current estimate, the company reported $6.30 million in the same quarter of the previous year.
Over the past month, Hasbro shares have recorded returns of -3.6% versus the Zacks S&P 500 composite's +0.5% change. Based on its Zacks Rank #3 (Hold), HAS will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for Hasbro (HAS) Q2 Earnings, Beyond Revenue and EPS
Analysts on Wall Street project that Hasbro (HAS - Free Report) will announce quarterly earnings of $1.15 per share in its forthcoming report, representing a decline of 11.5% year over year. Revenues are projected to reach $1.05 billion, increasing 6.7% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 3.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Hasbro metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'External Net Revenues- Entertainment' to reach $16.88 million. The estimate indicates a change of +5.5% from the prior-year quarter.
Analysts predict that the 'External Net Revenues- Consumer Products' will reach $451.31 million. The estimate points to a change of +2% from the year-ago quarter.
The average prediction of analysts places 'External Net Revenues- Wizards of the Coast and Digital Gaming' at $591.06 million. The estimate points to a change of +13.1% from the year-ago quarter.
Analysts expect 'Wizards of the Coast and Digital Gaming Net Revenues- Tabletop Gaming' to come in at $464.20 million. The estimate indicates a year-over-year change of +14.3%.
The collective assessment of analysts points to an estimated 'Wizards of the Coast and Digital Gaming Net Revenues- Digital and Licensed Gaming' of $114.98 million. The estimate suggests a change of -1% year over year.
Analysts' assessment points toward 'Operating profit (loss)- Wizards of the Coast and Digital Gaming' reaching $259.27 million. The estimate is in contrast to the year-ago figure of $241.80 million.
It is projected by analysts that the 'Operating profit (loss)- Entertainment' will reach $5.74 million. Compared to the current estimate, the company reported $6.30 million in the same quarter of the previous year.
View all Key Company Metrics for Hasbro here>>>Over the past month, Hasbro shares have recorded returns of -3.6% versus the Zacks S&P 500 composite's +0.5% change. Based on its Zacks Rank #3 (Hold), HAS will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .