Hasbro Inc. (HAS - Free Report) along with its subsidiaries, provides children’s and family leisure time products and services globally. Hasbro’s product segments comprise Games, Girls, Preschool and Boys categories.
Given Hasbro’s strong product line-up, which includes its core brands, licensed brands and lucrative product associations, the company remains well positioned for future growth. Moreover, the company’s consistent efforts to establish its global presence through strategic partnerships and rapid growth in emerging markets bode well. Meanwhile, increased investments in digital gaming market should drive revenues.
However, lack of growth in some of its brands and an increase in costs related to initiatives undertaken to boost its business remain primary concerns. Additionally, a challenging retail environment for toys in the U.S. remains threat to top-line growth.
Investors should note that the consensus estimate for Hasbro has been trending downward over the last 60 days. Current-quarter and year earnings estimates have gone down 14.7% and 1.9% respectively over the last two months. Meanwhile, HAS’s earnings have not been strong over the past few quarters. The company’s earnings surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average miss of 4.5%. Revenues too posted positive surprises in three of the trailing four quarters.
HAS currently has a Zacks Rank #3 (Hold) but that could change following Hasbro’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: HAS beat on earnings. Zacks consensus earnings estimate called for earnings per share of 29 cents, and the company reported adjusted earnings of 48 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: HAS reported revenues of $904.5 million. This too surpassed the consensus estimate of $844.2 million.
Key Stats to Note: Notably, the company witnessed 7% and 11% year-over-year decline in revenues in U.S. & Canada and International segment respectively.
Hasbro, Inc. Price and EPS Surprise
Check back later for our full write up on this HAS earnings report!
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