HAS Earnings Prediction
The chart below shows how HAS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HAS sees a -1.96% change in stock price 10 days leading up to the earnings, and a -0.88% change 10 days following the report. On the earnings day itself, the stock moves by +3.47%. This data can give you a slight idea of what to expect for the next quarter's release.
HAS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.28B
-14.77%
28.74%
Gross Margin
60.83%
12.29%
-10.53%
Operating Margin
24.06%
12.22%
1.31%
Net Margin
17.43%
253.84%
25.22%
EPS
1.59
229.27%
60.61%
No Data Available
HAS Earnings Analysis
Hasbro, Inc. Corporation (HAS.O) Earnings Conference Call
Positive
Revenue Decline, Profit Increase: Total Hasbro revenue was $1.3 billion, down 15% versus Q3 of last year, but adjusted operating profit was $329 million, for an adjusted operating margin of 25.7%, up 2.9 points versus last year.
Earnings Growth Overview: Adjusted net earnings were $244 million, with diluted earnings per share of $1.73, up $0.09 from the year ago period, driven by factors previously noted.
Shareholder Returns and Cash Position: We returned $98 million to shareholders through the dividend and ended the period with $1.2 billion of cash and short-term investments, including the proceeds from the May debt offering, which will be used to repay our November 2024 note.
Revenue Decline, Profit Increase: Year-to-date total Hasbro revenue was approximately $3 billion, down 18% versus the same period last year, but adjusted operating profit was $726 million, for an adjusted operating margin of 23.9%, up approximately 10 points year-over-year.
Strong Retail Momentum: We continue to see good early momentum for the Pizza Delivery Scooter, with strong top toy placement at our major retail partners.
Negative
Revenue Decline Analysis: Total Hasbro revenue was $1.3 billion, down 15% versus Q3 of last year.
Revenue Decline Excluding Divestiture: If you exclude the impact of the eOne divestiture, total revenue was down 9%.
Wizards Segment Decline: The Wizards segment declined 5% in the quarter as we lapped the launch of Baldur's Gate 3.
Consumer Products Revenue Decline: Consumer Products revenue declined 10%, driven by exited brands, reduced close-outs, and softer than anticipated volume.
Entertainment Segment Decline: The Entertainment segment declined 86% due to the eOne divestiture.
HAS FAQs
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HAS Earning Call Sentiment
Hasbro, Inc. (HAS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
HAS.O
12.95%Positive
The earnings call presents mixed signals: while there is optimism in digital licensing and improved cost management, significant revenue declines in key segments like Consumer Products and Entertainment are concerning. The Q&A reveals uncertainties around revenue guidance and product performance, with management providing vague responses. The raised guidance for adjusted EBITDA is a positive sign, but the lowered revenue guidance for Consumer Products tempers enthusiasm. Overall, the combination of positive cost-saving measures and negative revenue trends results in a neutral outlook for the stock price movement.
