The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Hasbro missed estimates on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share contracted slightly.
Gross margins increased, operating margins expanded, net margins dropped.
Hasbro tallied revenue of $1.35 billion. The 11 analysts polled by S&P Capital IQ expected revenue of $1.37 billion on the same basis. GAAP reported sales were 2.2% lower than the prior-year quarter's $1.38 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.24. The 14 earnings estimates compiled by S&P Capital IQ anticipated $1.22 per share. GAAP EPS of $1.24 for Q3 were 2.4% lower than the prior-year quarter's $1.27 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 48.8%, 90 basis points better than the prior-year quarter. Operating margin was 18.6%, 40 basis points better than the prior-year quarter. Net margin was 12.3%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.42 billion. On the bottom line, the average EPS estimate is $1.26.
Next year's average estimate for revenue is $4.27 billion. The average EPS estimate is $2.85.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,937 members out of 2,014 rating the stock outperform, and 77 members rating it underperform. Among 519 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 506 give Hasbro a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hasbro is hold, with an average price target of $36.33.
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