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Hasbro (HAS) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest close session, Hasbro (HAS - Free Report) was down 1.01% at $89.30. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 1.21%, and the technology-dominated Nasdaq saw a decrease of 0.01%.
Shares of the toy maker have depreciated by 4.02% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 5.62%, and lagging the S&P 500's loss of 2.43%.
Market participants will be closely following the financial results of Hasbro in its upcoming release. The company's earnings per share (EPS) are projected to be $1.88, reflecting a 11.9% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.47 billion, indicating a 6.2% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.16 per share and a revenue of $5.04 billion, indicating changes of +11.19% and +7.25%, respectively, from the former 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.45% downward. Currently, Hasbro is carrying a Zacks Rank of #3 (Hold).
Investors should also note Hasbro's current valuation metrics, including its Forward P/E ratio of 14.66. This expresses a premium compared to the average Forward P/E of 10.46 of its industry.
Investors should also note that HAS has a PEG ratio of 1.55 right now. 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 had an average PEG ratio of 1.51 as trading concluded yesterday.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 107, finds itself in the top 44% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Hasbro (HAS) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Hasbro (HAS - Free Report) was down 1.01% at $89.30. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 1.21%, and the technology-dominated Nasdaq saw a decrease of 0.01%.
Shares of the toy maker have depreciated by 4.02% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 5.62%, and lagging the S&P 500's loss of 2.43%.
Market participants will be closely following the financial results of Hasbro in its upcoming release. The company's earnings per share (EPS) are projected to be $1.88, reflecting a 11.9% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.47 billion, indicating a 6.2% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.16 per share and a revenue of $5.04 billion, indicating changes of +11.19% and +7.25%, respectively, from the former 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.45% downward. Currently, Hasbro is carrying a Zacks Rank of #3 (Hold).
Investors should also note Hasbro's current valuation metrics, including its Forward P/E ratio of 14.66. This expresses a premium compared to the average Forward P/E of 10.46 of its industry.
Investors should also note that HAS has a PEG ratio of 1.55 right now. 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 had an average PEG ratio of 1.51 as trading concluded yesterday.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 107, finds itself in the top 44% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.