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Hasbro (HAS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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Evaluate Hasbro's (HAS) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
Hasbro Inc. is recommended as a buy due to the potential end of the toy industry downcycle and positive demand trends. The company reported strong 1Q24 results, beating estimates, with growth in the Wizards of the Coast segment. Hasbro's FY24 revenue guidance is achievable with upside potential, supported by positive point-of-sale trends and strong performance in key segments.
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Hasbro beat estimates in its first-quarter earnings report. Margins have improved significantly thanks to cost cuts.
After announcing the first quarter 2024 financial results, arguably the most critical quarter of the year as it sets the tone for any stock, shares of Hasbro Inc. NASDAQ: HAS jumped by as much as 12%.
Hasbro (HAS) shares skyrocketed nearly 12% on Wednesday as the toymaker posted better-than-expected results on shrinking inventory and rising demand for digital games.
Major U.S. equities indexes were little changed in the midweek session, with the uncertain path toward lower interest rates weighing on sentiment as investors digest a slew of earnings reports from some of the biggest names in the stock market.
The two biggest U.S. toymakers, Hasbro Hasbro and Mattel Mattel , saw their stock prices jump today despite both companies reporting sales declines during the first quarter.