Hasbro (HAS) May option implied volatility into quarter results
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April 25, 2024 6:52 AM EDT
Citi analyst James Hardiman raised the price target on Hasbro (NASDAQ: HAS) to $64.00 (from $52.00) while maintaining a Neutral rating.
The analyst comments "HAS shares were up 12% in Wednesday trading (vs. flat S&P) as (1) a sizable beat in the context of a... More
April 24, 2024 6:38 AM EDT
(Updated - April 24, 2024 9:24 AM EDT)
Hasbro (NASDAQ: HAS) reported a stronger-than-expected first quarter of 2024 today, with earnings and revenue surpassing analyst estimates.
The company's adjusted earnings per share (EPS) came in at $0.61, significantly higher than the $0.28 consensus. Revenue also beat expectations at $757.3 million, compared to the predicted $749.48 million. Following the announcement, Hasbro's shares rose over 9% premarket, indicating a positive investor response to the earnings and revenue beat.
Despite the overall revenue decline of 24% from the previous year, due primarily to the eOne film and television divestiture, the company... More
