The 10-second takeaway
For the quarter ended March 31 (Q1), Hasbro beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share expanded. GAAP loss per share grew.
Margins contracted across the board.
Hasbro logged revenue of $663.7 million. The 10 analysts polled by S&P Capital IQ predicted revenue of $638.8 million 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 $0.05. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. Non-GAAP EPS of $0.05 for Q1 were 25% higher than the prior-year quarter's $0.04 per share. GAAP EPS were -$0.05 for Q1 versus -$0.02 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 51.4%, 90 basis points worse than the prior-year quarter. Operating margin was 1.6%, 250 basis points worse than the prior-year quarter. Net margin was -1.0%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $789.3 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $4.09 billion. The average EPS estimate is $2.88.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,927 members out of 2,006 rating the stock outperform, and 79 members rating it underperform. Among 556 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 541 give Hasbro a green thumbs-up, and 15 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 $38.00.
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