In the latest close session, Hasbro (HAS) was up +2.44% at $89.14. The stock exceeded the S&P 500, which registered a gain of 0.01% for the day. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.44%.
Prior to today's trading, shares of the toy maker had gained 5.92% outpaced the Consumer Discretionary sector's gain of 0.47% and the S&P 500's gain of 0.86%.
Market participants will be closely following the financial results of Hasbro in its upcoming release. In that report, analysts expect Hasbro to post earnings of $0.97 per share. This would mark year-over-year growth of 110.87%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.29 billion, indicating a 16.78% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.01 per share and a revenue of $4.54 billion, indicating changes of +24.94% and 0%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Hasbro. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.14% higher. Currently, Hasbro is carrying a Zacks Rank of #2 (Buy).
With respect to valuation, Hasbro is currently being traded at a Forward P/E ratio of 16. This indicates a premium in contrast to its industry's Forward P/E of 12.45.
We can also see that HAS currently has a PEG ratio of 1.56. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Toys - Games - Hobbies was holding an average PEG ratio of 1.92 at yesterday's closing price.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 37, finds itself in the top 16% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on 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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