Earnings To Watch: Hasbro (HAS) Reports Q1 Results Tomorrow

StockStory
23 Apr
Earnings To Watch: Hasbro (HAS) Reports Q1 Results Tomorrow

Toy and entertainment company Hasbro (NASDAQ:HAS) will be reporting earnings tomorrow before market open. Here’s what to look for.

Hasbro beat analysts’ revenue expectations by 7.6% last quarter, reporting revenues of $1.10 billion, down 14.5% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

Is Hasbro a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Hasbro’s revenue to grow 2.1% year on year to $773 million, a reversal from the 24.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.67 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hasbro has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Hasbro’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Nike’s revenues decreased 9.3% year on year, beating analysts’ expectations by 2.3%, and Monarch reported revenues up 3.1%, topping estimates by 2.1%. Nike traded down 5.4% following the results.

Read our full analysis of Nike’s results here and Monarch’s results here.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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