Hasbro is a global play and entertainment company known for its wide range of toys, games, and licensed products
The company develops and markets well-known brands such as Transformers, My Little Pony, and Monopoly, appealing to children and families around the world. In addition to physical toys and games, Hasbro has expanded its reach into digital gaming and entertainment, creating engaging experiences across various platforms. The company is also involved in storytelling and content creation, leveraging its extensive brand portfolio to deliver immersive narratives through films, television shows, and digital media.
J.P. Morgan analyst Christopher Horvers maintains an Overweight rating on Hasbro with a $75 price target. Despite a shorter holiday season, HAS exceeded expectations in Q4, driven by strong Consumer Products and Wizards performance, higher margins, and operating income 15% above consensus.
Shares of toy and entertainment company Hasbro (NASDAQHAS)
jumped 13.4% in the afternoon session after the company reported impressive fourth-quarter results, which blew past analysts' sales, operating profits, and earnings estimates. Margins improved significantly and this helped push full-year adjusted EBITDA ahead of expectations, reinforcing the company's ability to drive profitability despite a slight revenue decline. Zooming out, this was a solid quarter.
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Toy and entertainment company Hasbro (NASDAQHAS) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 14.5% year on year to $1.10 billion. Its non-GAAP profit of $0.46 per share was 39.3% above analysts’ consensus estimates.
Shares of Hasbro are rising after the company reported better-than-expected Q4 results. Despite a 14% revenue decline to $1.102 billion, Hasbro exceeded analyst estimates.
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Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. The Nasdaq ended the week down 1.6%, with the S&P 500 losing 1% and the Dow gaining 0.3%, as markets attempted to recover from earlier losses.
Hasbro has been treading water for the past six months, recording a small return of 1.2% while holding steady at $57.50. The stock also fell short of the S&P 500’s 7% gain during that period.
