The 10-second takeaway
For the quarter ended June 30 (Q2), Hasbro missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share dropped. GAAP earnings per share dropped significantly.
Gross margins grew, operating margins dropped, net margins shrank.
Hasbro booked revenue of $766.3 million. The 11 analysts polled by S&P Capital IQ predicted revenue of $794.7 million on the same basis. GAAP reported sales were 5.6% lower than the prior-year quarter's $811.5 million.
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 $0.29. The 14 earnings estimates compiled by S&P Capital IQ averaged $0.34 per share. Non-GAAP EPS of $0.29 for Q2 were 12% lower than the prior-year quarter's $0.33 per share. GAAP EPS of $0.28 for Q2 were 15% lower than the prior-year quarter's $0.33 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 52.9%, 130 basis points better than the prior-year quarter. Operating margin was 9.7%, 90 basis points worse than the prior-year quarter. Net margin was 4.8%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.35 billion. On the bottom line, the average EPS estimate is $1.29.
Next year's average estimate for revenue is $4.12 billion. The average EPS estimate is $2.94.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,910 members out of 1,990 rating the stock outperform, and 80 members rating it underperform. Among 592 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 577 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 $43.44.
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