Today’s quick video takes a closer look at Hasbro (HAS - Free Report) stock ahead of their earnings report. This company has struggled a bit this year in terms of its stock price, even though it has several strong brands. In fact, shares are quickly approaching 2016 lows, so investors will need a solid report to turn this trend around.
The good news for HAS is that it has an excellent track record in earnings season, and it hasn’t missed estimates since 2014. This shows that the company has an excellent ability to manage expectations, and it is part of the reason why HAS currently has a Zacks Rank #2 (buy). We should also note that HAS just moved out of hold territory within the past week, and that the company also has a strong fundamental picture.
Still, it has been a bit of a struggle for HAS to grow earnings, and the consensus estimate is basically flat. Especially troubling is a negative Earnings ESP, at -1.1%, which suggests that the most recent earnings estimates have been a bit lower. This is something that investors definitely don’t want to see heading into a report, and it might mean that it could be a rockier report than you might think given its ‘buy’ rating.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Today’s quick video takes a closer look at Hasbro (HAS - Free Report) stock ahead of their earnings report. This company has struggled a bit this year in terms of its stock price, even though it has several strong brands. In fact, shares are quickly approaching 2016 lows, so investors will need a solid report to turn this trend around.
The good news for HAS is that it has an excellent track record in earnings season, and it hasn’t missed estimates since 2014. This shows that the company has an excellent ability to manage expectations, and it is part of the reason why HAS currently has a Zacks Rank #2 (buy). We should also note that HAS just moved out of hold territory within the past week, and that the company also has a strong fundamental picture.
Still, it has been a bit of a struggle for HAS to grow earnings, and the consensus estimate is basically flat. Especially troubling is a negative Earnings ESP, at -1.1%, which suggests that the most recent earnings estimates have been a bit lower. This is something that investors definitely don’t want to see heading into a report, and it might mean that it could be a rockier report than you might think given its ‘buy’ rating.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on HAS - FREE