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Compared to Estimates, Hasbro (HAS) Q3 Earnings: A Look at Key Metrics
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Hasbro (HAS - Free Report) reported $1.5 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 10.3%. EPS of $1.64 for the same period compares to $1.42 a year ago.
The reported revenue represents a surprise of -8.16% over the Zacks Consensus Estimate of $1.64 billion. With the consensus EPS estimate being $1.64, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hasbro performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
External Net Revenues- Wizards of the Coast and Digital Gaming: $423.60 million compared to the $395.17 million average estimate based on three analysts.
External Net Revenues- Consumer Products: $956.90 million versus $1.11 billion estimated by three analysts on average.
External Net Revenues- Entertainment: $122.90 million versus the three-analyst average estimate of $123.53 million. The reported number represents a year-over-year change of -41.9%.
Revenues- Portfolio Brands: $170.30 million compared to the $204.47 million average estimate based on two analysts.
Revenues- Non-Hasbro Branded Film & TV: $93.90 million versus $166.72 million estimated by two analysts on average.
Wizards of the Coast and Digital Gaming Net Revenues- Tabletop Gaming: $290.50 million compared to the $313.08 million average estimate based on two analysts.
Wizards of the Coast and Digital Gaming Net Revenues- Digital and Licensed Gaming: $133.10 million versus the two-analyst average estimate of $83.18 million.
Revenues- Partner Brands: $228.20 million versus the two-analyst average estimate of $317.69 million. The reported number represents a year-over-year change of -34.8%.
Revenues- Franchise Brands: $1.01 billion versus the two-analyst average estimate of $996.77 million. The reported number represents a year-over-year change of +24.2%.
Shares of Hasbro have returned -15.8% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Hasbro (HAS) Q3 Earnings: A Look at Key Metrics
Hasbro (HAS - Free Report) reported $1.5 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 10.3%. EPS of $1.64 for the same period compares to $1.42 a year ago.
The reported revenue represents a surprise of -8.16% over the Zacks Consensus Estimate of $1.64 billion. With the consensus EPS estimate being $1.64, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hasbro performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- External Net Revenues- Wizards of the Coast and Digital Gaming: $423.60 million compared to the $395.17 million average estimate based on three analysts.
- External Net Revenues- Consumer Products: $956.90 million versus $1.11 billion estimated by three analysts on average.
- External Net Revenues- Entertainment: $122.90 million versus the three-analyst average estimate of $123.53 million. The reported number represents a year-over-year change of -41.9%.
- Revenues- Portfolio Brands: $170.30 million compared to the $204.47 million average estimate based on two analysts.
- Revenues- Non-Hasbro Branded Film & TV: $93.90 million versus $166.72 million estimated by two analysts on average.
- Wizards of the Coast and Digital Gaming Net Revenues- Tabletop Gaming: $290.50 million compared to the $313.08 million average estimate based on two analysts.
- Wizards of the Coast and Digital Gaming Net Revenues- Digital and Licensed Gaming: $133.10 million versus the two-analyst average estimate of $83.18 million.
- Revenues- Partner Brands: $228.20 million versus the two-analyst average estimate of $317.69 million. The reported number represents a year-over-year change of -34.8%.
- Revenues- Franchise Brands: $1.01 billion versus the two-analyst average estimate of $996.77 million. The reported number represents a year-over-year change of +24.2%.
View all Key Company Metrics for Hasbro here>>>Shares of Hasbro have returned -15.8% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.