Hasbro (HAS) closed at $90.31 in the latest trading session, marking a -2.4% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.58%. At the same time, the Dow lost 1.18%, and the tech-heavy Nasdaq lost 0.32%.
Shares of the toy maker witnessed a loss of 2.07% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 2.32%, and underperforming the S&P 500's loss of 0.36%.
Investors will be eagerly watching for the performance of Hasbro in its upcoming earnings disclosure. 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.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.17 per share and revenue of $5.04 billion. These totals would mark changes of +11.37% and +7.25%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Hasbro. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.23% upward. Right now, Hasbro possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Hasbro is presently trading at a Forward P/E ratio of 14.99. This expresses a premium compared to the average Forward P/E of 11.2 of its industry.
Meanwhile, HAS's PEG ratio is currently 1.59. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Toys - Games - Hobbies was holding an average PEG ratio of 1.59 at yesterday's closing price.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HAS in the coming trading sessions, be sure to utilize Zacks.com.
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Hasbro, Inc. (HAS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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