Hasbro Stock Brushes Off Revenue Miss

Hasbro cited strengthening demand for Frozen and Star Wars toys for its profit beat

Digital Content Manager
Feb 11, 2020 at 9:10 AM
facebook X logo linkedin


The shares of toymaker Hasbro, Inc. (NASDAQ:HAS) are traveling higher after a mixed fourth-quarter earnings report, where the company posted profits of $1.24 per share, which beat analysts' estimates, but $1.43 billion in revenue which fell below the projected $1.44 billion. The firm attributed its holiday-quarter profit beat to high demand for toys related to the Frozen and Star Wars franchises. HAS is up 7.3% at $108.30 in pre-market trading --poised for its best single-session gain since July 23.

Not only that, HAS is looking to topple a recent ceiling at its 100-day moving average for the first time since an earnings-induced late-October bear gap. And while the security is still trading well below those pre-bear gap levels, it does boast a 20% year-over-year gain, and just popped north of its year-to-date breakeven. 

While analysts have been mum on Hasbro this morning, a round of upgrades could be on the way. Nearly half of the 15 brokers covering the stock consider it a "hold." Plus, the consensus 12-month target price of $116.27 is a measly 7% premium to current levels. 

In the options pits, sentiment appears to be more optimistic, with 2.06 calls bought for every put at the the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits in the 98th percentile of its annual range, suggesting a much healthier appetite than usual for long calls of late. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI