Hasbro (HAS) To Report Earnings Tomorrow: Here Is What To Expect
Toy and entertainment company Hasbro (NASDAQ:HAS) will be reporting earnings tomorrow before market hours. Here's what to expect.
Last quarter Hasbro reported revenues of $1.50 billion, down 10.3% year on year, missing analyst expectations by 8.7%. It was a weak quarter for the company, with a miss of analysts' revenue and EPS estimates.
Is Hasbro buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Hasbro's revenue to decline 19.2% year on year to $1.36 billion, a further deceleration on the 16.6% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.64 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Hasbro's peers in the leisure products segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. 1-800-FLOWERS's revenues decreased 8.4% year on year, missing analyst estimates by 0.5% and Sonos reported revenue decline of 8.9% year on year, exceeding estimates by 4.4%. 1-800-FLOWERS traded flat on the results, and Sonos was up 15.3%.
Read our full analysis of 1-800-FLOWERS's results here and Sonos's results here.
There has been positive sentiment among investors in the leisure products segment, with the stocks up on average 4.5% over the last month. Hasbro is up 7.8% during the same time, and is heading into the earnings with analyst price target of $60.5, compared to share price of $50.7.
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