Hasbro, Inc. (HAS) reported strong second-quarter results on July 21 that once again outpaced analyst expectations. The company’s share price advanced back to its 52-week high on the news. Estimates have continued to rise over the last 90 days.

Hasbro, Inc. designs, manufactures and sells games and toys. The company was founded in 1923, carries a market cap of $5.37 billion and is headquartered in Pawtucket, Rhode Island.

Another Solid Quarter

Hasbro reported second-quarter results on July 21 that were ahead of analyst expectations. Sales were up 13% to $784.3 million. Hasbro’s profits sky rocketed to $37.5 million, a big jump from last year’s profit of $4.8 million. This produced earnings of 25 cents per share, far ahead of analyst expectations of 15 cents.

A History of Beating Estimates

Hasbro has surprised and beaten analyst estimates four out of the last four quarters, having done so by an average of 7 cents, or 31%.

U.S. and Canada sales grew 11% while international sales rose 15%. The company’s boys business sales rose 13%, driven by robust sales from the movie franchises “Star Wars”, “Transformers” and “Iron Man”.

Revenue in the company’s girl segment was up 24%, driven by strong sales in its Littlest Pet Shop Products.

Estimates Continue To Rise

Analysts have been upgrading their earnings estimates as Hasbro has continued to deliver solid results. The current-year estimate now stands at $2.14 per share, up from $2.01 per share 90 days ago.

The Chart

This is another stock that has delivered solid returns to its shareholders in 2008, starting the year trading at less than $25 a share and recently establishing a new 52-week high just below $40. Since then, this stock has retreated some but still looks well positioned to continue advancing.

Content Courtesy: Zacks Investment Research

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