Alert: New Earnings Report (7/26/21)-Hasbro Inc. (NASDAQ: HAS).

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Hasbro Inc. (NASDAQ: HAS) has reported a loss for its second fiscal quarter (ending June 30) of $-0.17 versus a loss $-0.25 for the same period a year ago. This result fell short of the consensus estimate of $0.47 by $-0.64. For the latest four quarters through June 30, E.P.S. were $3.06 versus $2.95 for the same period a year ago — an increase of 4%.

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Recent Price Action

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On 7/26/21, Hasbro Inc. (NASDAQ: HAS) stock enjoyed a major increase of 12.2%, closing at $103.72. Moreover, exceptionally high trading volume at 552% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 10.3% during the last week.

Current PriceTarget Research Rating

HAS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Hasbro has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hasbro has a neutral Appreciation Score of 54 but a poor Power Rating of 26, and the Negative Value Trend Rating results.

Rating Review

In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

About John Lafferty 101900 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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