Key TakeawaysThe S&P 500 edged less than 0.1% higher on Wednesday, April 24, 2024, with interest rate concerns subduing the markets as earnings season gears up.Shares of Old Dominion Freight Line fell after lower shipments contributed to a weaker-than-expected quarterly revenue result.Hasbro shares soared after the toymaker exceeded quarterly sales and profit forecasts, boosted by its strong licensing portfolio. Major U.S. equities indexes were little changed in the midweek session, with the uncertain path ...

The relaunched Furby was one of the bright spots during Hasbro's first quarter, when many of its toy ... [+] categories saw sales declines due to inventory clearance.dpa/picture alliance via Getty ImagesThe 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.Investors had been expecting bad news from Mattel, which reported yesterday after the market closed, and Hasbro, which reported this mor ...

Hasbro, Inc. (HAS) reported first-quarter 2024 results, wherein earnings and revenues beat the Zacks Consensus Estimate after missing in the preceding quarter. Following the results, the stock rose 5% in the pre-market trading session on Apr 23.Gina Goetter, chief financial officer at Hasbro, said the company’s first-quarter turnaround endeavors had seen substantial advancement. It achieved anticipated revenues and experienced notable enhancements in operating profit, primarily attributable to its operation ...

For the quarter ended March 2024, Hasbro (HAS) reported revenue of $757.3 million, down 24.4% over the same period last year. EPS came in at $0.61, compared to $0.01 in the year-ago quarter.The reported revenue represents a surprise of +1.96% over the Zacks Consensus Estimate of $742.72 million. With the consensus EPS estimate being $0.27, the EPS surprise was +125.93%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

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EXHIBIT 99.1 For Immediate Release Hasbro Reports First Quarter 2024 Financial Results Company Reports Improved Profitability and EPS Growth in the quarter Pawtucket, R.I., April 24, 2024 -- Hasbro, Inc. (NASDAQ: HAS), a leading toy and game company, today reported financial results for the first quarter 2024. "The first quarter was a good start to the year for Hasbro; we are continuing to see the results of our transformation work," said Chris Cocks, Hasbro Chief Executive Officer. "Performance from our li ...

Hasbro, Inc. (HAS) is scheduled to report first-quarter 2024 results on Apr 24, 2024, before the opening bell. In the last reported quarter, the company registered a negative earnings surprise of 40.6%.What Do the Estimates Say?The Zacks Consensus Estimate for fiscal first-quarter earnings per share is pegged at 27 cents, indicating a surge of 2600% from 1 cent reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $742.7 million, suggesting a decline of 25.8% from the year-ag ...

Hasbro (HAS) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 24, 2024, might help the stock move higher if these key numbers are better than expectatio ...

Investors interested in stocks from the Toys - Games - Hobbies sector have probably already heard of Mattel (MAT) and Hasbro (HAS) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while ...

Hasbro, Inc. (HAS) is benefiting from its focus on various sales-boosting initiatives, solid demand of its gaming category and opportunities in the emerging markets. Aided by these tailwinds, the company remains optimistic on its long-term growth trajectory (next three years) across its crucial growth defining metrics.Shares of this designer, manufacturer and marketer of games and toys rose 10.5% in the year-to-date period against the Zacks Toys - Games - Hobbies industry’s 2.9% decline. The uptrend can be ...