Hasbro's stocks (
HAS) have seen significant fluctuations, presenting both gains and losses over a certain stretch of time. The toy manufacturing company seems to be on a growth trajectory, with its stock price surging
35% over the past
six months, and witnessing a year-to-date rally of
31%. Factors like the firm's strategies and cost savings are driving the stock, with analysts from Morgan Stanley rating it among their highest conviction stocks. Yet, there have been periods of decline such as an 18% drop within a year and concerns about future sales. A shift towards
digital gaming stands out as a critical transformation that the company is pursuing, prompting bullish analysts to argue the consensus estimates regarding Hasbro's performance are conservative. However, negative sentiments anticipate a continuation of a
sales slump in the coming years, prompting the company to initiate another round of layoffs. Earning announcements have had a notable impact on stock price movements, with beats on both Q1 and Q2 earnings and revenue estimates working in favor, while earnings and revenue misses adding a downward pressure.
Hasbro Stocks HAS News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sat, 07 Sep 2024 19:29:48 GMT -
Rating 3
- Innovation -5
- Information 7
- Rumor 0
