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Hasbro (HAS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, Hasbro (HAS - Free Report) reported revenue of $995.3 million, down 17.7% over the same period last year. EPS came in at $1.22, compared to $0.49 in the year-ago quarter.
The reported revenue represents a surprise of +5.61% over the Zacks Consensus Estimate of $942.43 million. With the consensus EPS estimate being $0.77, the EPS surprise was +58.44%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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- Entertainment: $18.80 million compared to the $21.30 million average estimate based on five analysts. The reported number represents a change of -89.5% year over year.
External Net Revenues- Consumer Products: $524.50 million compared to the $527.99 million average estimate based on five analysts.
External Net Revenues- Wizards of the Coast and Digital Gaming: $452 million versus the five-analyst average estimate of $373.12 million.
Wizards of the Coast and Digital Gaming Net Revenues- Tabletop Gaming: $307.60 million versus the four-analyst average estimate of $297.32 million. The reported number represents a year-over-year change of +3.1%.
Wizards of the Coast and Digital Gaming Net Revenues- Digital and Licensed Gaming: $144.40 million versus $94.06 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +87.3% change.
Operating profit (loss)- Wizards of the Coast and Digital Gaming: $247.10 million compared to the $175.66 million average estimate based on two analysts.
Shares of Hasbro have returned +2.4% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Hasbro (HAS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Hasbro (HAS - Free Report) reported revenue of $995.3 million, down 17.7% over the same period last year. EPS came in at $1.22, compared to $0.49 in the year-ago quarter.
The reported revenue represents a surprise of +5.61% over the Zacks Consensus Estimate of $942.43 million. With the consensus EPS estimate being $0.77, the EPS surprise was +58.44%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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- Entertainment: $18.80 million compared to the $21.30 million average estimate based on five analysts. The reported number represents a change of -89.5% year over year.
- External Net Revenues- Consumer Products: $524.50 million compared to the $527.99 million average estimate based on five analysts.
- External Net Revenues- Wizards of the Coast and Digital Gaming: $452 million versus the five-analyst average estimate of $373.12 million.
- Wizards of the Coast and Digital Gaming Net Revenues- Tabletop Gaming: $307.60 million versus the four-analyst average estimate of $297.32 million. The reported number represents a year-over-year change of +3.1%.
- Wizards of the Coast and Digital Gaming Net Revenues- Digital and Licensed Gaming: $144.40 million versus $94.06 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +87.3% change.
- Operating profit (loss)- Wizards of the Coast and Digital Gaming: $247.10 million compared to the $175.66 million average estimate based on two analysts.
View all Key Company Metrics for Hasbro here>>>Shares of Hasbro have returned +2.4% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.