Hasbro (HAS) Results Promising but Poor Visibility Ends Formal Guidance
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Price: $47.69 -0.46%
Rating Summary:
2 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 36 | New: 12
Rating Summary:
2 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 36 | New: 12
Trade HAS Now!
On Thursday, Hasbro, Inc. (NASDAQ: HAS) reported Q4 EPS of $1.20, $0.01 better than consensus, on revenue of $1.28 billion.
Commenting on the development, SunTrust Robinson Humphrey analyst Michael Swartz said, "Overall, despite challenging macros, inventory reductions at retail and tough comps, HAS was able to return the North American unit to historic profit levels and the Games business to growth."
Swartz is hopeful the company can grow revenue and EPS in 2013, though at present visibility is limited.
Interestingly, Hasbro indicated it would no longer provide formal revenue and EPS guidance.
"While we understand the futility of a toy company providing full year guidance in February, this is likely to be viewed somewhat skeptically by investors," observed Swartz.
SunTrust Robinson Humphrey has a Neutral rating on Hasbro.
For an analyst ratings summary and ratings history on Hasbro (NASDAQ: HAS) click here. For more ratings news on Hasbro click here.
Shares of Hasbro closed at $38.72 yesterday, with a 52 week range of $32.00-$39.98.
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Commenting on the development, SunTrust Robinson Humphrey analyst Michael Swartz said, "Overall, despite challenging macros, inventory reductions at retail and tough comps, HAS was able to return the North American unit to historic profit levels and the Games business to growth."
Swartz is hopeful the company can grow revenue and EPS in 2013, though at present visibility is limited.
Interestingly, Hasbro indicated it would no longer provide formal revenue and EPS guidance.
"While we understand the futility of a toy company providing full year guidance in February, this is likely to be viewed somewhat skeptically by investors," observed Swartz.
SunTrust Robinson Humphrey has a Neutral rating on Hasbro.
For an analyst ratings summary and ratings history on Hasbro (NASDAQ: HAS) click here. For more ratings news on Hasbro click here.
Shares of Hasbro closed at $38.72 yesterday, with a 52 week range of $32.00-$39.98.
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