Hasbro (HAS) closed the most recent trading day at $95.78, moving +1.37% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.83%. Meanwhile, the Dow gained 0.5%, and the Nasdaq, a tech-heavy index, added 1.38%.
Heading into today, shares of the toy maker had gained 0.69% over the past month, outpacing the Consumer Discretionary sector's loss of 0.93% and the S&P 500's loss of 2.65%.
The investment community will be paying close attention to the earnings performance of Hasbro in its upcoming release. In that report, analysts expect Hasbro to post earnings of $0.97 per share. This would mark a year-over-year decline of 6.73%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $913.91 million, up 3.02% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.67 per share and a revenue of $4.94 billion, representing changes of +2.35% and +5.16%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Hasbro. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.92% higher. Hasbro currently has a Zacks Rank of #3 (Hold).
Investors should also note Hasbro's current valuation metrics, including its Forward P/E ratio of 16.68. This represents a premium compared to its industry average Forward P/E of 12.12.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 231, finds itself in the bottom 6% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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 ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
