Hasbro Inc. (NASDAQ: HAS) published its earnings report for the fiscal fourth quarter on Monday that came in better than what analysts had anticipated. The company attributed its hawkish performance primarily to its gaming unit. In related news, Energizer also reported its quarterly financial results on Monday.
Hasbro opened at £72.42 per share on Monday and is currently trading at a per-share price of £67.86. In comparison, the stock had slid to as low as £32.56 per share in March 2020 due to COVID-19 that has so far infected over 27 million people in the U.S. and caused a little under half a million deaths.
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Hasbro’s Q4 financial results versus analysts’ estimates
Hasbro said that its net income in the fourth quarter printed at £76.57 million that translates to 55.31 pence per share. In the same quarter last year, its net income was capped at a lower £69.51 million or 50.22 pence per share.
Adjusted for one-time items, the American multinational earned 92 pence per share in Q4 versus the year-ago figure of 65.50 pence per share. Hasbro said that its revenue jumped 4% on an annualised basis in the recent quarter to £1.25 billion.
According to FactSet, experts had forecast the company to report £1.23 billion of revenue in the fourth quarter. Their estimate for adjusted per-share earnings stood at a lower 83 pence. In the prior quarter (Q3), Hasbro had reported a 12.8% increase in its revenue.
Other prominent figures in Hasbro’s earnings report
At £513.26 million, the Pawtucket-based company’s Franchise Brands revenue saw a 7% year over year increase in Q4 versus a higher £531.89 million expected. Partner Brands revenue, Hasbro added on Monday, registered at £254.45 million that represents a 14% decline from last year but matched the analysts’ estimates.
Lastly, Hasbro Gaming revenue climbed by 21% in the recent quarter to £217.26 million. In comparison, FactSet Consensus for revenue from this unit stood at a lower £203.14 million. CFO Deborah Thomas commented on the financial report on Monday and said:
“We continue to see strong retail, consumer and audience support for our brands and content as we look to the coming year.”
Hasbro performed fairly downbeat in the stock market last year with an annual decline of more than 10%. At the time of writing, the U.S. company has a market capitalisation of £9.32 billion and a price to earnings ratio of 32.66.