The 10-second takeaway
For the quarter ended Dec. 30 (Q4), Hasbro missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank.
Gross margins grew, operating margins dropped, net margins dropped.
Hasbro reported revenue of $1.28 billion. The 10 analysts polled by S&P Capital IQ wanted to see revenue of $1.33 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $1.20. The 12 earnings estimates compiled by S&P Capital IQ anticipated $1.19 per share. GAAP EPS of $0.99 for Q4 were 6.6% lower than the prior-year quarter's $1.06 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 51.6%, 530 basis points better than the prior-year quarter. Operating margin was 15.6%, 70 basis points worse than the prior-year quarter. Net margin was 10.2%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $635.0 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $4.16 billion. The average EPS estimate is $2.88.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,940 members out of 2,018 rating the stock outperform, and 78 members rating it underperform. Among 586 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 569 give Hasbro a green thumbs-up, and 17 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 $37.11.
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