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Hasbro (HAS) Q1 Earnings & Revenues Beats Estimates

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.

The company is focusing on improving its sales with initiatives like introduction of more products, brand innovation and other strategic initiatives. However, it is facing troubles owing to weak demand for traditional toys, thereby hurting revenues over the past few quarters.

Analysts have been optimistic in the recent months about the company’s earnings and estimates almost has risen by more than 4% over the last 30 days. HAS’s earnings have remained decent over the past few quarters. Hasbro has delivered positive earnings surprises in all the trailing four quarters. Average positive earnings surprise for the trailing four quarters is 39.67%. Revenues also posted positive surprises in three out of the trailing four quarters.

HAS currently has a Zacks Rank #3 (Hold) but that could change following Hasbro’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: HAS beat on earnings. Our consensus earnings estimate called for earnings per share of 24 cents per share, and the company reported earnings of 38 cents per share. Investors should note that these figures take out stock option expenses.

Revenues: HAS reported revenues of $831.2 million. This beat our consensus estimate of $768 million.

Key Stats to Note: While revenues at Games category experienced a year over year decline, revenues at Boys, Girls and Pre-school category grew year over year. Currency headwinds had a negative impact on Hasbro’s revenues.

Check back later for our full write up on this HAS earnings report later!

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