Hasbro's Q3 Earnings: Analyst Insights and Market Trends
Insights into Hasbro's Upcoming Earnings Report
Hasbro, Inc. (NASDAQ: HAS) is poised to unveil its earnings results for the third quarter shortly. Analysts anticipate a dip in earnings to approximately $1.63 per share, down from $1.73 per share compared to the same quarter the previous year. However, the forecast for quarterly revenue appears promising, with an expected rise to $1.35 billion from $1.28 billion in the prior year.
Expanded Collaboration with Disney
Recently, Hasbro announced an exciting collaboration with Disney Consumer Products. This partnership will integrate beloved Disney characters into Hasbro's well-known PLAY-DOH brand, which has been a staple for creative play. This collaboration is expected to enhance both brands' appeal and attract a wider audience, particularly among children and families.
Current Market Performance
As of the latest trading session, Hasbro's shares increased by 0.4%, reaching a closing price of $75.16. This minor uptick reflects some positive market sentiment ahead of the earnings announcement. Investors are closely watching the performance of HAS stock, eager to see how the company's strategies and partnerships are translating into financial results.
Analyst Ratings and Future Projections
In analyzing the stock, various top analysts have weighed in on Hasbro's performance:
- Citigroup's James Hardiman has maintained a Buy rating while enhancing the price target from $79 to $91.
- JP Morgan’s Christopher Horvers has a similar sentiment, keeping an Overweight rating and increasing the price target from $75 to $94.
- Roth Capital's Eric Handler also maintains a Buy rating with a price target raised from $86 to $92.
- Morgan Stanley's Megan Alexander supports the Overweight rating, lifting the price target from $83 to $85.
- Additionally, James Hardiman's previous forecast suggests a price movement from $72 to $79.
Understanding Analyst Perspectives
What does all this mean for potential investors looking to buy HAS stock? Analysts generally express an optimistic outlook, indicating that the collaboration with Disney could drive interest and revenue growth. This partnership, combined with an overall uptick in revenue estimates, paints a potentially bright picture for Hasbro's future in the coming quarters.
Frequently Asked Questions
When does Hasbro report its Q3 earnings?
The earnings report for Q3 is scheduled to be released shortly, with anticipation building among analysts and investors.
What are the expected earnings per share for Hasbro?
Analysts project Hasbro to report earnings at approximately $1.63 per share for Q3, a decrease from the previous year's $1.73.
How has the stock performed recently?
Hasbro's stock saw a slight increase of 0.4%, closing at $75.16, signaling a positive trend ahead of the earnings release.
What is the significance of the collaboration with Disney?
The collaboration aims to integrate popular Disney characters with Hasbro's PLAY-DOH brand, potentially attracting a larger customer base.
Which analysts currently rate Hasbro stock positively?
Analysts from Citigroup, JP Morgan, Roth Capital, and Morgan Stanley have all issued favorable ratings and increased target prices for Hasbro stock.
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