Earnings Preview: Hasbro

| About: Hasbro, Inc. (HAS)

Hasbro (NASDAQ:HAS) is expected to report Q2 earnings before the market open on Monday, July 20, with a conference call scheduled for 8:30 am ET.


Analysts are looking for a profit of 23c on revenue of $797.08M. The consensus range is 19c-26c for EPS, and revenue of $725M-$825M, according to First Call.

Analyst Views

Hasbro has lost its luster in recent months, and is down 13% this year, due to an expensive joint venture with Discovery Communications (NASDAQ:DISCA) and the weakness of the overall economy, Barron's reported on June 9. The article added that the summer box office should give Hasbro a boost, with toys tied into "Transformers: Revenge of the Fallen" and "G.I. Joe: The Rise of the Cobra."

Gerrick Johnson, an analyst at BMO Capital, believes toy makers are being pressured by the stronger dollar and high commodity costs and that retailers remain cautious. He believes Hasbro will mention cost-cutting efforts during its conference call.

Sterne Agee analyst Margaret Whitfield expects Hasbro to report flat revenue, or about $780M, and said shipment of Transformers toys should have aided the final month of the quarter. Analysts and investors will listen for comments from Hasbro's management on how they view the upcoming holiday season, a critical time for toy makers.