Analyst Consensus ?
ConsensusBuy31 ratings
Bullish1651.6%
Neutral1548.4%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Hasbro, Inc. · HAS · FY2024 Q4 · Calendar Q1 2025
Hasbro leans on Wizards, licensing and cost savings as toys weaken
The supplied analysis offers partial support for a growth-through-demand thesis: Wizards, digital games, licensing and partnerships are strengthening the mix, but overall revenue declined and traditional consumer products remain pressured. The key test is whether digital and licensing growth plus cost savings can offset toy weakness, tariffs and execution risks.
Reported Before market openNASDAQConsumer Cyclical
$13.93B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.36
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.02B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+13.0%
Event window
SPY move
-0.4%
Same window
Abnormal move
+13.4%
Stock minus SPY
Volume
4.2×
Versus trailing sessions
Subsequent drift
-12.6%
Up to 20 sessions
HASSPY benchmark
Ask FN2 about HAS FY2024 Q4
Transcript, numbers and history already loaded
What drove HAS's +13.0% move after FY2024 Q4 earnings?What changed in HAS's guidance and outlook in FY2024 Q4?Give me the bull and bear case for HAS after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, management presented a broader Playing to Win strategy, maintained guidance, highlighted record operating margins and added partnerships with Mattel and Sabre Interactive. The risk profile also became more explicit around tariffs, inflation, supply-chain redesign and the timing of the Exodus video game.
Guidance delta
Management maintained guidance: modest 2025 revenue growth and 50–100 basis points of annual margin expansion.
Key takeaways
- Management described record operating margins despite a 7% revenue decline.
- Wizards of the Coast and digital games were the strongest operating drivers.
- The Playing to Win plan emphasizes digital licensing, partnerships and cost transformation.
- Consumer Products remains the main counterweight, with NERF and Star Wars cited as weak areas.
- The supplied analysis does not include reported EPS or revenue actuals.
Management priorities
- Execute the Playing to Win strategy and cost-transformation program.
- Expand high-margin digital licensing, games and brand partnerships.
- Invest in video games and toy innovation.
- Redesign the supply chain and reduce the share of manufacturing sourced from China.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$102.51Current
$64Low
$96.66Average
$123High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Citigroup | Buy | Buy | Maintain | Oct 13, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Aug 20, 2026 |
| Argus Research | Buy | Buy | Maintain | Jul 23, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 22, 2026 |
| DA Davidson | Neutral | Neutral | Maintain | Jul 22, 2026 |
| Jefferies | Buy | Buy | Maintain | Jul 16, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 16, 2026 |
| BNP Paribas | Outperform | Outperform | Maintain | Jul 15, 2026 |
| Roth Capital | Buy | Buy | Maintain | Jul 14, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 14, 2026 |
| UBS | Buy | Buy | Maintain | Mar 5, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Feb 11, 2026 |
| Roth MKM | Buy | Buy | Maintain | Feb 21, 2025 |
| Stifel | Buy | Buy | Maintain | Jan 3, 2025 |
| MKM Partners | Buy | Buy | Maintain | Jan 13, 2023 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jan 4, 2023 |
| Truist Securities | Hold | Hold | Maintain | Oct 5, 2022 |
| Keybanc | Overweight | Downgrade | Jul 13, 2022 | |
| Consumer Edge Research | Equal Weight | Overweight | Downgrade | Jun 9, 2020 |
| Barclays | Overweight | Overweight | Maintain | May 4, 2020 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Apr 30, 2020 |
| Stifel Nicolaus | Hold | Hold | Maintain | Oct 1, 2019 |
| Argus | Hold | Buy | Downgrade | Apr 25, 2019 |
| Monness, Crespi, Hardt | Neutral | Buy | Downgrade | Jul 24, 2018 |
| Monness Crespi Hardt | Neutral | Buy | Downgrade | Jul 24, 2018 |
| B. Riley Securities | Buy | Buy | Maintain | Jul 24, 2018 |
| B. Riley FBR | Buy | Buy | Maintain | Jul 24, 2018 |
| PiperJaffray | Neutral | Overweight | Downgrade | Nov 28, 2016 |
| Piper Sandler | Neutral | Overweight | Downgrade | Nov 28, 2016 |
| Oppenheimer | Perform | Perform | Maintain | Aug 20, 2015 |
| Needham | Hold | Buy | Downgrade | Apr 4, 2014 |
| Sterne Agee | Neutral | Buy | Downgrade | Feb 15, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $102.51. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Anthony Bonadio | $90 | $93.33 | -12.2% | Aug 20, 2026 |
| UBS | Arpine Kocharyan | $120 | $89.3 | +17.1% | Jul 27, 2026 |
| D.A. Davidson | Analyst unavailable | $95 | $88.09 | -7.3% | Jul 22, 2026 |
| Jefferies | Analyst unavailable | $110 | $81.76 | +7.3% | Jul 16, 2026 |
| UBS | Arpine Kocharyan | $110 | $84.72 | +7.3% | Jun 18, 2026 |
| Wells Fargo | Analyst unavailable | $85 | $83.54 | -17.1% | Jun 9, 2026 |
| Wells Fargo | Anthony Bonadio | $92 | $88.6 | -10.3% | May 21, 2026 |
| Morgan Stanley | Analyst unavailable | $123 | $96.73 | +20.0% | May 14, 2026 |
| Morgan Stanley | Megan Alexander Clapp | $122 | $96.56 | +19.0% | Apr 24, 2026 |
| Argus Research | Christine Dooley | $105 | $95.11 | +2.4% | Mar 13, 2026 |
| Morgan Stanley | Analyst unavailable | $119 | $106.35 | +16.1% | Feb 11, 2026 |
| Roth Capital | Analyst unavailable | $120 | $105.25 | +17.1% | Feb 11, 2026 |
| D.A. Davidson | Analyst unavailable | $110 | $104.44 | +7.3% | Feb 11, 2026 |
| Goldman Sachs | Stephen Laszczyk | $114 | $104 | +11.2% | Feb 11, 2026 |
| Roth Capital | Analyst unavailable | $105 | $96.4 | +2.4% | Feb 4, 2026 |
| Morgan Stanley | Analyst unavailable | $103 | $90.47 | +0.5% | Feb 2, 2026 |
| UBS | Analyst unavailable | $99 | $87.06 | -3.4% | Jan 7, 2026 |
| Morgan Stanley | Megan Alexander | $94 | $81.55 | -8.3% | Dec 14, 2025 |
| Morgan Stanley | Analyst unavailable | $87 | $79.25 | -15.1% | Oct 24, 2025 |
| Roth Capital | Eric Handler | $96 | $77.94 | -6.4% | Oct 24, 2025 |
| Goldman Sachs | Michael Ng | $85 | $73.82 | -17.1% | Jun 30, 2025 |
| D.A. Davidson | Keegan Cox | $75 | $65.21 | -26.8% | May 14, 2025 |
| CFRA | Zachary Warring | $90 | $66.1 | -12.2% | Oct 24, 2024 |
| Bank of America Securities | Alexander Perry | $95 | $71.57 | -7.3% | Oct 15, 2024 |
| Bank of America Securities | Jason Haas | $90 | $68.73 | -12.2% | Sep 16, 2024 |
| Morgan Stanley | Megan Alexander | $79 | $62.05 | -22.9% | Jul 26, 2024 |
| CFRA | Zachary Warring | $72 | $61.52 | -29.8% | Jul 25, 2024 |
| Morgan Stanley | Megan Alexander | $77 | $65.03 | -24.9% | Apr 24, 2024 |
| Stifel Nicolaus | Drew Crum | $67 | $55.8 | -34.6% | Apr 15, 2024 |
| CFRA | Zachary Warring | $59 | $55.85 | -42.4% | Apr 4, 2024 |
| Stifel | Drew Crum | $64 | $53.31 | -37.6% | Mar 15, 2024 |
| D.A. Davidson | Linda Bolton Weiser | $80 | $52.06 | -22.0% | Apr 5, 2023 |
| MKM Partners | Analyst unavailable | $80 | $65.36 | -22.0% | Jan 13, 2023 |
| BMO Capital | Analyst unavailable | $66 | $61.95 | -35.6% | Jan 4, 2023 |
| Stifel Nicolaus | Drew Crum | $84 | $68.42 | -18.1% | Oct 5, 2022 |
| BMO Capital | Analyst unavailable | $80 | $81.31 | -22.0% | Jul 21, 2022 |
| Truist Financial | Analyst unavailable | $88 | $80.57 | -14.2% | Jul 20, 2022 |
| Jefferies | Analyst unavailable | $100 | $78.32 | -2.4% | Jul 15, 2022 |
| MKM Partners | Analyst unavailable | $105 | $82.58 | +2.4% | Jul 7, 2022 |
| Jefferies | Stephanie Wissink | $115 | $91.84 | +12.2% | May 3, 2022 |
| D.A. Davidson | Linda Bolton Weiser | $128 | $87.93 | +24.9% | Apr 25, 2022 |
| KeyBanc | Brett Andress | $105 | $88.86 | +2.4% | Apr 20, 2022 |
| Goldman Sachs | Michael Ng | $100 | $87.02 | -2.4% | Apr 19, 2022 |
| Jefferies | Matthew Catton | $120 | $92.29 | +17.1% | Feb 8, 2022 |
| Truist Financial | Michael Swartz | $100 | $93.22 | -2.4% | Oct 27, 2021 |
| Bank of America Securities | Devin Brisco | $110 | $99.22 | +7.3% | Jul 27, 2021 |
Track every rating change on HAS the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationHasbro, Inc., alongside its various subsidiaries, operates as a global leader in the play and entertainment industry. Its Consumer Products segment focuses on the procurement, marketing, and global distribution of toys and games. This division further amplifies its brands by out-licensing trademarks, characters, and intellectual property rights to third parties, enabling the creation and sale of a diverse range of branded consumer goods, such as apparel and toys. Its extensive product catalog encompasses action figures, arts and crafts supplies, fashion dolls and other figurines, playsets, preschool toys, plush items, sports-action blasters and accessories, toy vehicles, and specialty play items, in addition to various traditional games. The company also offers licensed merchandise spanning apparel, publishing, home goods, electronics, and toy products.…
Historical context
All HAS earningsLatest beats and misses
Who reports nextBeat on EPS
Missed on EPS
Get the HAS recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-06T00:01:56.136176+00:00
- Polygon adjusted daily market bars · 2026-10-19T10:30:43.941754+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-19T10:30:43.938944+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-19. For educational purposes only; not investment advice.