Hasbro, Inc. (HAS) closed at $86.72 on the latest trading session, reflecting a decline of 2.71%, underperforming the S&P 500, which rose by 0.65%. Prior to this session, Hasbro shares had increased by 6.17%, outperforming the Consumer Discretionary sector’s growth of 2.38%.
The company is expected to report earnings of $0.97 per share, marking a significant 110.87% increase compared to the same quarter last year, with projected quarterly revenue of $1.29 billion, a 16.78% year-over-year increase. For the fiscal year, consensus estimates predict earnings of $5.01 per share and total revenue of $4.54 billion, representing a 24.94% rise in earnings and stable revenue compared to the previous year.
Hasbro currently holds a Zacks Rank of #2 (Buy) and has a Forward P/E ratio of 16.39, compared to an industry average of 12.76. The Toys – Games – Hobbies industry ranks in the top 15% of all industries, suggesting robust performance potential moving forward.
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