Markets
HAS

Hasbro Reports Inline Earnings, Sales Lag Estimates - Tale of the Tape

Hasbro Inc. ( HAS ) 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. The company is focusing on improving its sales with initiatives like introduction of more products, brand innovation and other strategic initiatives.

Recently, Hasbro and Discovery Communications, Inc. repositioned the Hub Network and renamed it as the Discovery Family Channel, mainly to bring in more adult viewership in an intensely competitive children's TV market. The network broadened its programming focus to serve families in primetime and continued to showcase Hasbro Studios award-winning children's content in daytime.

Over the past few quarters, both the Boys and the Girls segment have performed strongly and has been the main revenue-driver for the company. The favorable numbers can be attributed to Hasbro's consistent efforts to establish its presence worldwide through strategic partnerships and rapid growth in emerging markets.

Investors should also note the recent earnings estimate revisions for HAS, as the consensus estimate has been mostly moving downwards. Moreover, HAS's earnings and revenues have been comparatively weak over the past few quarters. Hasbro has delivered negative earnings and revenues in three out of the trailing four quarters, making for a negative average earnings surprise of 3.74%.

Currently, HAS has a Zacks Rank #3 (Hold) but that could change following Hasbro's earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: HAS reports in line earnings. Our consensus earnings estimate called for EPS of $1.22/share, and the company reported the same figure. Investors should note that these figures take out stock option expenses.

Revenues: HAS reported revenues of $1.30 billion. This missed our consensus estimate of 1.35 billion.

Key Stats to Note: Operating margin increased 290 basis points year over year to 17.2%. Operating profit also rose 21.7% year over year to $223.5 million, mainly due to higher revenues.

Check back later for our full write up on this HAS earnings report later!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

HASBRO INC (HAS): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

HAS

Other Topics

Earnings Investing Stocks