- Hasbro shares surged by 14.9% following an impressive Q1 earnings report.
- Revenue saw a significant boost of 17.1%, reaching $887.1 million, while adjusted profit jumped by 50%.
- The company's strategic licensing extension with Disney bodes well for its popular franchises.
Hasbro Inc. (HAS, Financial) has caught investor attention as its shares spiked 14.9% after the company reported outstanding earnings for the first quarter. The toy giant saw a robust 17.1% increase in revenue, totaling $887.1 million, alongside a remarkable 50% climb in adjusted profit to $222 million. This growth was bolstered by the extension of its licensing agreement with Disney, fortifying its product lines for the highly successful Star Wars and Marvel franchises.
Wall Street Analysts' Forecasts for Hasbro
According to forecasts from 11 financial analysts, the average one-year target price for Hasbro Inc. (HAS, Financial) is projected at $72.65. This forecast encompasses a high estimate of $86.12 and a low estimate of $55.00. The average target suggests a potential upside of 19.75% from the current share price of $60.67. Investors seeking more detailed predictions can explore further on the Hasbro Inc (HAS) Forecast page.
With insights from 14 brokerage firms, Hasbro Inc.'s (HAS, Financial) consensus recommendation currently stands at 1.8, which translates to an "Outperform" status. The brokerage rating scale ranges from 1 to 5, where 1 indicates a Strong Buy and 5 signals a Sell.
Understanding GF Value Estimates
The GuruFocus estimates project the GF Value for Hasbro Inc. (HAS, Financial) to be $48.62 over the next year. This suggests a potential downside of 19.85% from the present price of $60.665. The GF Value is GuruFocus's assessment of the stock's fair trading value, derived from historical trading multiples, past business growth, and anticipated performance. More comprehensive data and insights can be accessed on the Hasbro Inc (HAS) Summary page.
