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Hasbro (HAS) closed the most recent trading day at $56.43, moving +0.93% from the previous trading session. This change outpaced the S&P 500's 0.22% loss on the day. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq lost 0.16%.
Shares of the toy maker witnessed a loss of 16.88% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 2.99% and the S&P 500's loss of 2.36%.
Investors will be eagerly watching for the performance of Hasbro in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.37, signifying a 2.63% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.03 billion, down 20.28% from the year-ago period.
It's also important for investors to be aware of any recent modifications to analyst estimates for Hasbro. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Hasbro currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Hasbro is holding a Forward P/E ratio of 12.56. This signifies a premium in comparison to the average Forward P/E of 11.84 for its industry.
Also, we should mention that HAS has a PEG ratio of 0.46. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Toys - Games - Hobbies was holding an average PEG ratio of 0.83 at yesterday's closing price.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 11, positioning it in the top 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.