The latest trading day saw Hasbro (HAS) settling at $94.02, representing a -1.59% change from its previous close.
Hasbro, Inc. has shifted, and maintained, from a Buy to a Hold rating after underperforming the S&P 500 over the past decade. While digital gaming shows strength, HAS faces pressure from declining traditional toy sales, high debt, and slow revenue growth. Recent stock volatility stemmed from exiting an Indian supplier and a rebound on strong Q1 guidance.
HAS reports strong preliminary Q1 growth, driven by MAGIC: THE GATHERING, and reaffirms its 2026 outlook.
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Hasbro's stock jumped after the toy maker looked to dispel worries that “Magic: The Gathering” shipments would be affected by a recent cyberattack.
Hasbro, Inc. reported preliminary first-quarter revenue that exceeded Wall Street expectations, driven by strong demand for its flagship trading-card franchise Magic: The Gathering, even as a cybersecurity incident delayed the release of full results. The company said it expects revenue in the range of $970 million to $985 million for the quarter, ahead of analyst estimates of $908.9 million, according to LSEG data.
Hasbro said on Thursday it would delay its quarterly earnings report due to a cybersecurity incident involving an unauthorized access to the toymaker's network.
HAS eyes Q1 revenue growth on Wizards' strength, but rising costs and royalties may pressure earnings despite strong gaming and licensing momentum.
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Hasbro (HAS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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