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.
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 moved slightly upwards over the last 60 days. Meanwhile, HAS's earnings have been strong over the past few quarters. In fact, the company's earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 27.07%. Revenues too posted positive surprises in each of the trailing four quarters.
Hasbro, Inc. Price and EPS Surprise
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 beats on earnings. Our consensus earnings estimate called for earnings per share of 37 cents, and the company reported adjusted earnings of 43 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: HAS reported revenues of $849.7 million. This beat our consensus estimate of $833.3 million.
Key Stats to Note: Notably, the company witnessed year-over-year improvement in revenues in three out of its four brand portfolios - Franchise, Hasbro Gaming and Emerging - with Partner Brands being the exception. Moreover, it recorded revenue growth in two of its reporting segments - U.S. & Canada and Entertainment & Licensing, while the International segment remained essentially flat year over year.
Stock Price Impact: In-active in pre-market trading .
Check back later for our full write up on this HAS earnings report!
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