Barclays on U.S. Leisure: Toys 2Q11 Earnings Preview
Tweet
Share
E-mailGet Alerts HAS Hot Sheet
Price: $58.14 +4.01%
Rating Summary:
11 Buy, 14 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
11 Buy, 14 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Join SI Premium – FREE
Barclays on U.S. Leisure: Toys 2Q11 Earnings Preview
Barclays analyst said, "We expect both Hasbro (NYSE: HAS) and Mattel (NYSE: MAT) to report 2Q11 results in line with consensus as both companies benefited from the sell-in of entertainment-related toys, headlined by the late-June theatrical releases of Cars 2 (MAT) and Transformers 3 (HAS). The key for investors will be global sell through trends, which will have an impact on the
important holiday season."
"We performed channel checks last week at several Target (NYSE: TGT), Toys R Us, and Walmart stores (NYSE: WMT). Our conversations with the sales associates and managers confirmed that the properties with high expectations heading into the quarter (Cars 2, Transformers 3, Monster High, Beyblade) have been performing well."
"Mattel: Our 2Q11 EPS estimate for Mattel is $0.15 vs. $0.13 (excluding a $0.01 tax benefit) last year and consensus of $0.16..For Hasbro, we estimate 2Q11 EPS of $0.36 versus $0.29 last year and consensus of $0.39."
Barclays analyst said, "We expect both Hasbro (NYSE: HAS) and Mattel (NYSE: MAT) to report 2Q11 results in line with consensus as both companies benefited from the sell-in of entertainment-related toys, headlined by the late-June theatrical releases of Cars 2 (MAT) and Transformers 3 (HAS). The key for investors will be global sell through trends, which will have an impact on the
important holiday season."
"We performed channel checks last week at several Target (NYSE: TGT), Toys R Us, and Walmart stores (NYSE: WMT). Our conversations with the sales associates and managers confirmed that the properties with high expectations heading into the quarter (Cars 2, Transformers 3, Monster High, Beyblade) have been performing well."
"Mattel: Our 2Q11 EPS estimate for Mattel is $0.15 vs. $0.13 (excluding a $0.01 tax benefit) last year and consensus of $0.16..For Hasbro, we estimate 2Q11 EPS of $0.36 versus $0.29 last year and consensus of $0.39."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Matador Resources (MTDR) Tops Q1 EPS by 16c; provides guidance
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays, Hasbro, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
