Hasbro stock closed higher, outperforming the S&P 500, with analysts expecting positive upcoming earnings.

From Nasdaq: 2024-12-20 18:00:05

Hasbro (HAS) stock closed at $57.58, up 1.89% from the previous day, outperforming the S&P 500, which gained 1.09%. Despite a recent drop of 8.72%, analysts expect EPS of $0.37 and revenue of $1.03 billion in the upcoming release. Hasbro currently holds a Zacks Rank of #3 (Hold).

Looking ahead, Hasbro is trading at a Forward P/E ratio of 14.38, a premium compared to the industry average. The company’s PEG ratio stands at 0.52, indicating potential growth. The Toys – Games – Hobbies industry ranks in the top 9% of all industries, with a Zacks Industry Rank of 22.

Zacks has named a #1 semiconductor stock with significant growth potential in Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is expected to rise from $452 billion in 2021 to $803 billion by 2028. Investors can access this stock recommendation for free on Zacks.com.



Read more at Nasdaq: Why Hasbro (HAS) Outpaced the Stock Market Today