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Hasbro (HAS) Exceeds Market Returns: Some Facts to Consider
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Hasbro (HAS - Free Report) closed the most recent trading day at $88.09, moving +1.47% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.51%. On the other hand, the Dow registered a gain of 0.93%, and the technology-centric Nasdaq increased by 0.48%.
The toy maker's stock has dropped by 7.83% in the past month, exceeding the Consumer Discretionary sector's loss of 8.98% and lagging the S&P 500's gain of 0.74%.
Market participants will be closely following the financial results of Hasbro in its upcoming release. The company is forecasted to report an EPS of $1.88, showcasing a 11.9% upward movement from the corresponding quarter of the prior 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.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.16 per share and a revenue of $5.04 billion, signifying shifts of +11.19% and +7.25%, respectively, from the last year.
Any recent changes to analyst estimates for Hasbro should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 moved 0.45% lower. Currently, Hasbro is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Hasbro is currently exchanging hands at a Forward P/E ratio of 14.1. This expresses a premium compared to the average Forward P/E of 10.46 of its industry.
Meanwhile, HAS's PEG ratio is currently 1.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Toys - Games - Hobbies industry currently had an average PEG ratio of 1.47 as of yesterday's close.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 198, this industry ranks in the bottom 20% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Hasbro (HAS) Exceeds Market Returns: Some Facts to Consider
Hasbro (HAS - Free Report) closed the most recent trading day at $88.09, moving +1.47% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.51%. On the other hand, the Dow registered a gain of 0.93%, and the technology-centric Nasdaq increased by 0.48%.
The toy maker's stock has dropped by 7.83% in the past month, exceeding the Consumer Discretionary sector's loss of 8.98% and lagging the S&P 500's gain of 0.74%.
Market participants will be closely following the financial results of Hasbro in its upcoming release. The company is forecasted to report an EPS of $1.88, showcasing a 11.9% upward movement from the corresponding quarter of the prior 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.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.16 per share and a revenue of $5.04 billion, signifying shifts of +11.19% and +7.25%, respectively, from the last year.
Any recent changes to analyst estimates for Hasbro should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 moved 0.45% lower. Currently, Hasbro is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Hasbro is currently exchanging hands at a Forward P/E ratio of 14.1. This expresses a premium compared to the average Forward P/E of 10.46 of its industry.
Meanwhile, HAS's PEG ratio is currently 1.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Toys - Games - Hobbies industry currently had an average PEG ratio of 1.47 as of yesterday's close.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 198, this industry ranks in the bottom 20% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.