Hasbro (HAS) Sees a More Significant Dip Than Broader Market: Some Facts to Know

In the latest close session, Hasbro (HAS) was down 1.43% at $97.63. This move lagged the S&P 500's daily loss of 0.94%. At the same time, the Dow lost 0.83%, and the tech-heavy Nasdaq lost 1.02%.

The stock of toy maker has risen by 5.55% in the past month, leading the Consumer Discretionary sector's gain of 1.25% and the S&P 500's loss of 1.3%.

Analysts and investors alike will be keeping a close eye on the performance of Hasbro in its upcoming earnings disclosure. 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%. At the same time, our most recent consensus estimate is projecting a revenue of $913.69 million, reflecting a 3% rise from the equivalent quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.67 per share and a revenue of $4.94 billion, signifying shifts of +2.35% and +5.16%, respectively, from the last year.

Any recent changes to analyst estimates for Hasbro should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.14% higher. Hasbro is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, Hasbro is holding a Forward P/E ratio of 17.49. This expresses a premium compared to the average Forward P/E of 12.51 of its industry.

It's also important to note that HAS currently trades at a PEG ratio of 1.71. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Toys - Games - Hobbies was holding an average PEG ratio of 2 at yesterday's closing price.

The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 232, this industry ranks in the bottom 6% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our individual 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.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

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Hasbro, Inc. (HAS): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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