Million

April

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Hasbro announced its drop in Q2 2023 earnings in August 2023. </a> </li> 
 <li> <span>2</span> <a>HAS stock price is anticipated to witness a surge following the potential optimistic earnings. </a> </li> 
</ul> 
<p>The toy maker company Hasbro Inc (NASDAQ: HAS) has announced to drop its second quarter 2023 earnings on August 3, 2023. Following the announcement, Hasbro stock price did not show much enthusiasm and continued its sideways movements. Still, the anticipation of the company to perform well in the quarter remains intact.&nbsp;</p> 
<p>Hasbro is expected to mark revenue of $1.11 Billion for the quarter ending with June 2023. On the other hand, the earnings per share (EPS) is estimated to stay around $0.55.</p> 
<h2 class="wp-block-heading" id="strong-previous-earnings-pumped-hasbro-stock-up-by-15-strong"><strong>Previous Earnings Pumped Hasbro Stock Up by 15%&nbsp;</strong></h2> 
<p>For the previous quarter, the Transformers and Dungeons &amp; Dragons toy-making company performed far better than the estimates. It reported revenue of $1.01 Billion beating the estimate of $877 Million by 14%. The company reported EPS of $0.01 down over 70% from the expected $0.04.&nbsp;</p> 
<p>Hasbro stock price, however, rose up to 15% on the day of earnings on April 27, 2023. Anticipating a similar performance from the company, prominent institutions set the price target higher as well.&nbsp;</p> 
<p>Goldman Sachs increased the price target for HAS stock to $64 from $63 earlier while keeping the rating “neutral”. Investment banking company Stifel raised the target from $75 to $79.&nbsp;</p> 
<p>The American multinational conglomerate pays quarterly dividends and is likely to pay $0.70 for this quarter on August 15, 2023. Hasbro increased its dividend payment from $1.44 to $2.80 per year showcasing a compounded annual growth rate (CAGR) of 6.9% in the last decade.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-hasbro-has-stock-price-movement-strong"><strong>Hasbro (HAS) Stock Price Movement</strong></h3> 
<p>Currently, HAS stock price is trading at $63.96 following a slight up move of 0.19% in the last intraday session on Friday, 21st July 2023. Since the pump of 15% in the trading price created a gap, Hasbro stock consolidated between the range of $60 to $65, which is yet to be attained.&nbsp;</p> 
<p>The price level at $65, the yearly high trading price, acts as an immediate hurdle for HAS stock. Following this, the stock price could move forward to chase the 52-week high at $85. At present, Hasbro stock is down by 25% from the price level and trading above both 50-day and 200-day EMA.&nbsp;</p> 
<p>The immediate support for the stock price stays at $60, a lower level than its current range. If it breaks the level and drops below, then it could try to fill the gap and take support at $50.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="534" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-170-1024x534.png" alt="Is Hasbro Stock Price Ready to Uptrend Hoping Positive Earnings?" class="wp-image-153903" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-170-1024x534.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-170-300x156.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-170-768x400.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-170-1536x800.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-170-750x391.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-170-1140x594.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-170.png 1564w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source – Hasbro Inc (HAS) Stock Price Movement on <a href="https://www.tradingview.com/x/DDXgKyy5/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Hasbro stock attained its yearly low at $45 in mid-March 2023 and since then, it rose about 40%.&nbsp;</p> 
<p>The MACD curve took a slight downside turn suggesting a slight bearishness. However, the RSI at 62 shows bullish strength in HAS <a href="https://www.thecoinrepublic.com/2023/07/20/pinterest-inc-pins-stock-earnings-announcement-expectations/" target="_blank" rel="noopener noreferrer nofollow">stock price movement.&nbsp;</a></p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Is Hasbro Stock Price Ready to Uptrend Hoping Positive Earnings?

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