Hasbro, Inc. (HAS - Free Report) is scheduled to report third-quarter 2019 results on Oct 22, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 52.9%.
What to Expect
The Zacks Consensus Estimate for third-quarter earnings is pegged at $2.22, which is higher than the prior-year quarter’s figure of $1.93. Notably, in the past 30 days, the consensus estimates have moved north by 1.8%. For quarterly revenues, the same stands at $1,735 million, indicating an improvement of 10.5% from the prior-year quarter reported figure.
Let’s take a look at factors that are likely to have influenced Hasbro’s third-quarter top and bottom lines.
Factors at Play
Hasbro’s third-quarter results are likely to have benefited from robust performance by the U.S. and Canada segment and Entertainment, Licensing and Digital segment. Notably, momentum in the commercial markets like the United States and Europe are also anticipated to get reflected in the third-quarter results.
Robust performances of MAGIC: THE GATHERING, DUNGEONS and DRAGONS, JENGA, DUEL MASTER, and DON’T STEP IN IT is expected to get reflected in the company’s top line in the third quarter.
Robust performance in the emerging market might reflect in the company’s third-quarter results. Emerging markets offer greater opportunities for revenue growth than developed markets and have been contributing significantly to Hasbro’s revenues.
Hasbro, Inc. Price and EPS Surprise
What the Zacks Model Unveils
Our proven model predicts an earnings beat for Hasbro this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Hasbro has an Earnings ESP of +1.44% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks Poised to Beat Earnings Estimates
Here are some other stocks from the Consumer Discretionary sector that investors may consider as our model shows that these too have the right combination of elements to deliver an earnings beat in third-quarter 2019 .
Activision Blizzard, Inc. (ATVI - Free Report) has an Earnings ESP of +22.64% and a Zacks Rank #2.
Lululemon Athletica Inc. (LULU - Free Report) has an Earnings ESP of +1.08% and a Zacks Rank #2.
Melco Resorts & Entertainment Limited (MLCO - Free Report) has an Earnings ESP of +2.44% and a Zacks Rank #3.
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