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Based in Pawtucket, Rhode Island, Hasbro, Inc. (HAS) is a global leader in toy and entertainment production, renowned for its extensive portfolio of brands and products, including Monopoly, Nerf, My Little Pony, and Transformers. With a market cap of $8.28 billion, Hasbro is recognized for its innovation, creative excellence, and commitment to delivering immersive play and entertainment experiences. Hasbro is scheduled to announce its fiscal Q2 earnings results before the market opens on Thursday, Jul. 25.
Ahead of the event, analysts expect HAS to report a profit of $0.76 per share, up 55.1% from $0.49 in the year-ago quarter. In the last four quarters, the company has surpassed or matched Wall Street’s bottom-line estimates in two and missed on other two occasions.
Hasbro's adjusted earnings of $0.61 per share for the last quarter surpassed the consensus estimate by 125.9%. The company's results were driven by strong performance in Consumer Products and Digital Gaming, along with improved operational efficiencies.
For fiscal 2024, analysts expect HAS to report EPS of $3.72, up 48.2% from $2.51 in fiscal 2023.
HAS stock is up 16.6% on a YTD basis, underperforming the broader S&P 500 Index's ($SPX) 18.1% gains. However, it has underperformed the Consumer Discretionary Select Sector SPDR Fund's (XLY) 7.5% returns over the same time frame.
HAS reported Q1 earnings on Apr. 24. Revenue for the period was $757.30 million, exceeding analysts' forecasts of $742.70 million. HAS shares gained 11.9% after the company released its earnings report.
The consensus opinion on HAS stock is optimistic, with an overall “Moderate Buy” rating. Out of 10 analysts covering the stock, six advise a “Strong Buy” rating, one suggests a “Moderate Buy” rating, and three suggest a “Hold.”
This configuration is more bullish than three months ago when the stock had four “Strong Buy” ratings. HAS' average analyst price target is $68.90, indicating a potential upside of 15.8% from the current levels.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
