In the latest close session, Hasbro (HAS) was up +1.77% at $83.75. The stock outpaced the S&P 500's daily gain of 1.75%. Elsewhere, the Dow saw an upswing of 1.86%, while the tech-heavy Nasdaq appreciated by 2.54%.
Shares of the toy maker witnessed a loss of 12.47% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 1.28%, and the S&P 500's loss of 1.63%.
The investment community will be paying close attention to the earnings performance of Hasbro in its upcoming release. The company's earnings per share (EPS) are projected to be $1.18, reflecting a 9.23% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.05 billion, indicating a 7.54% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.01 per share and revenue of $4.98 billion, which would represent changes of +8.48% and +5.94%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Hasbro. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.61% higher. Right now, Hasbro possesses a Zacks Rank of #1 (Strong Buy).
Investors should also note Hasbro's current valuation metrics, including its Forward P/E ratio of 13.7. This signifies a premium in comparison to the average Forward P/E of 11.18 for its industry.
It is also worth noting that HAS currently has a PEG ratio of 2.01. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Toys - Games - Hobbies industry was having an average PEG ratio of 1.67.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 52, positioning it in the top 22% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Hasbro, Inc. (HAS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).