Why Hasbro (HAS) is Poised to Beat Earnings Estimates Again

Group 1 - Hasbro has consistently beaten earnings estimates, with an average surprise of 92.18% over the last two quarters [1] - In the most recent quarter, Hasbro reported earnings of $1.22 per share, exceeding the expected $0.77 per share by 58.44% [1] - For the previous quarter, Hasbro's earnings of $0.61 per share surpassed the consensus estimate of $0.27 per share, resulting in a surprise of 125.93% [1] Group 2 - Recent estimates for Hasbro have been moving higher, indicating positive sentiment among analysts [2] - Hasbro has a positive Earnings ESP of +0.47%, suggesting analysts are optimistic about the company's earnings prospects [3] - The next earnings report for Hasbro is expected to be released on October 24, 2024 [3] Group 3 - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2] - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3] - A negative Earnings ESP does not necessarily indicate an earnings miss, but it reduces the predictive power of the metric [3]