Hasbro (NASDAQ:HAS) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Hasbro announced earnings per share of $0.57 on revenue of $1.11B. Analysts polled by anticipated EPS of $0.7 on revenue of $1.15B. That with comparison to EPS of $0.21 on revenue of $732.51M in the same period a year before. Hasbro had reported EPS of $1.24 on revenue of $1.43B in the previous quarter. Analysts are expecting EPS of $0.63 and revenue of $1.25B in the upcoming quarter.
Hasbro shares are down 26% from the beginning of the year , still down 38.63% from its 52 week high of $126.87 set on July 30, 2019. They are under-performing the S&P 500 which is down 11.75% year to date.
Hasbro follows other major Consumer Cyclical sector earnings this month
Hasbro's report follows an earnings missed by O’Reilly Automotive on April 22, who reported EPS of $3.97 on revenue of $2.48B, compared to forecasts EPS of $3.98 on revenue of $2.45B.
PACCAR had missed expectations on April 21 with first quarter EPS of $1.03 on revenue of $4.78B, compared to forecast for EPS of $1.21 on revenue of $4.98B.
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