Hasbro, Inc.
HAS - NASDAQ - $97.78 ▲ +%0.40
-
Earnings Wed 20 May
Note: this preview was published before the 2026-05-20 earnings report. Results have since been released — verify against the latest filings.

Hasbro opens the
books on Wednesday evening.

6 analysts' median target is $112[FMP target], stock is $98, +14.5% upside potential. After Q4 +52.5% EPS beat[FMP earnings], the stock moved +1.9%.

↓ summary below
Quick Take - in 40 seconds
C-
HOLD Council 2/6 - Moonshot 73

C- = MoonshotScore 73[9-pillar formula] + Council 2/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].

Q4 consensus: revenue $964.4M[FMP est], EPS $1.09[FMP est]. 8 consecutive quarters of beat[FMP earnings].

Detailed analysis below ↓
$1.09 EPS Estimate Last year $1.51 - +5% YoY YoY
8 Beat Streak Expectations beaten consecutively for the last 8 quarters

Q4 EPS +52.5% beat[FMP] but the stock +1.9% D+1[FMP D+1]. Gina Goetter promised $13.7M CapEx + a sequential decline in Q4 during the Q4 earnings call[Gina Goetter capex transcript].

Watchlist

6 metrics stand out this quarter.

86% Investor Focus

Wizards Of The Coast Growth

wizards_of_the_coast_growth

Wizards of the Coast stood out with 86% sales growth in the quarter, driven by strong performance in Magic and digital games.

"Wizards of the Coast capped off a remarkable year with 86% sales growth in the quarter, driven by the combined strength of Magic and Digital."

- Chris Cocks, CEO - Q4 FY25 Earnings Call - February 10, 2026
24% Risk Indicator

Record Operating Profit Margin

record_operating_profit_margin

Adjusted operating profit margin reached a record level above 24%.

"Adjusted operating profit margin reached a record level above 24%."

- Chris Cocks, CEO - Q4 FY25 Earnings Call - February 10, 2026
30% Investor Focus

Revenue Growth Q4

revenue_growth_q4

Hasbro experienced significant growth in the fourth quarter, increasing revenues by more than 30%.

"In the fourth quarter, Hasbro grew revenues by more than 30%."

- Chris Cocks, CEO - Q4 FY25 Earnings Call - February 10, 2026
180% Investor Focus

Adjusted Operating Profit Growth

adjusted_operating_profit_growth

Hasbro's adjusted operating profit grew significantly in the fourth quarter, up nearly 180%.

"Adjusted operating profit grew nearly 180%."

- Chris Cocks, CEO - Q4 FY25 Earnings Call - February 10, 2026
14% Investor Focus

Full Year Revenue Growth

full_year_revenue_growth

For the full year, Hasbro grew revenue 14%.

"For the full year, Hasbro grew revenue 14%."

- Chris Cocks, CEO - Q4 FY25 Earnings Call - February 10, 2026
1.1 billion Investor Focus

Adjusted Operating Profit Record

adjusted_operating_profit_record

Adjusted operating profit exceeded $1.1 billion, also a record.

"Adjusted operating profit exceeded $1.1 billion, also a record."

- Chris Cocks, CEO - Q4 FY25 Earnings Call - February 10, 2026

Stock Expert AI - Methodology

Do our 9 pillars, 7 perspectives, and Munger lens point in the same direction?

MoonshotScore 73 / 100

9-pillar methodology. Revenue Growth and Gross Margin strong. Operating Leverage weak.

How is it calculated? ->
Revenue Growth10.0Q4 vs Q1: fast growth (+63.0%)
Gross Margin7.0Q4: very high margin (69.0%, software/cloud territory)
Operating Leverage2.0op margin healthy (22.3%)
Cash Runway10.0FCF very strong ($0.4B, 28.4x CapEx)
R&D Intensity7.0balanced R&D investment (8.2%)
Price Momentum7.0RSI 58.4 positive momentum, 50d above
News Sentiment8.0strong buy consensus (81%)
Council Score 2 / 6 Bullish

6 investor frameworks. 2 bullish (Ray Dalio, Ken Griffin), 0 bearish (none), 4 neutral (Jim Simons, Klarman, Buffett, Munger).

How is it calculated? ->
Ray Dalio macro - target upside +14.5%
Ken Griffin flow - 50d MA above
Jim Simons quant - RSI 58
Klarman value - target upside +14.5%
Buffett quality - ROE score 1/5
Munger valuation - target upside +14.5%
Munger's Mindset character & balance sheet lens
Fairly Valued

Quality business, trading at fair value.

How is it calculated? ->
Financial HealthWeak
Margin of SafetyModerate
Interest CoverageAdequate
ROIC vs WACCTight
Technical Levels - Pre-earnings positioning

What levels is the stock being tested at?

RSI(14)
58.4 RSI 58.4 positive momentum, 50d above
MACD
+4.20 price above 50d - support positive
50d MA
$94 stock 4.2% above - short-term support
200d MA
$85 stock 15.1% above - long-term support
Volume (10d)
-19% decrease - low participation
Resistance
$112
Analyst median target - upgrade trigger if broken
Current
$98
Pre-earnings position
Support
$72
Invalidation - close below this is a technical breakdown
Pattern
Range
$72-$112 band - earnings breakout/breakdown trigger

Past Performance

Hasbro, beat expectations in the last 8 quarters.

BEAT
Q1 FY25
$1.04 vs $0.67 est - +1.0%
BEAT
Q2 FY25
$1.30 vs $0.78 est - -2.3%
BEAT
Q3 FY25
$1.68 vs $1.66 est - -1.6%
BEAT
Q4 FY25
$1.51 vs $0.99 est - +1.9%

Q4 (February 10, 2026): EPS $1.51 vs $0.99 est[FMP], +52.5% beat. D+1 movement: +1.9%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.

Three scenarios: what could happen?

EPS < $1.06 (no guidance)

Q4: EPS $1.51 vs $0.99 beat[FMP], stock +1.9% D+1[FMP].

Backlog concentration

No RPO/backlog concentration disclosed in Q4 earnings call.

CapEx shock

Q4 CapEx $13.7M[FMP cashflow]. Q4 op margin 22.3%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.

Framework - Position discipline

After the data arrives: 3 scenarios, 3 windows

Not advice - a structural framework for earnings night. Decision discipline is yours.

Scenario A - Beat
Q4 EPS > $1.09 + CapEx discipline
Threshold: EPS > $1.09[FMP est].
Target: Break above median target $112[FMP target]; high target $122[FMP] upper bound.
Scenario B - In-Line
EPS approx $1.09 + CapEx < $13.7M
Threshold: EPS approx $1.09[FMP est], Q4 CapEx < $13.7M[FMP].
Target: Consolidation in the band between current $98[FMP] and median $112[FMP].
Scenario C - Miss
EPS < $1.06 or CapEx >= $13.7M
Threshold: EPS < $1.06[FMP estx0.97].
Target: Current $98 below SMA200 $85[FMP], if rejection continues, $72[derived] support activates.
Sizing
Earnings volatility -> max portfolio 1-2%. Waiting for earnings is not a gamble, it's a position entrustment.
Timing
IV crush within 24 hours post-earnings. Waiting for premium decay makes options preferable to spot.
Staging
Don't go all-in at once, divide into 3: initial reaction, 24 hours later, after Friday's close.

Market Outlook

What do 6 analysts say?

Wall Street Consensus
$112
12-month median target price (+14.5% upside potential)
13
BUY
3
HOLD
0
SELL
Risk Management
$72
Invalidation level - critical support threshold
$94 - 50-day MA (above, +4.2%)
$85 - 200-day MA (above, +15.1%)
IV Crush risk (sudden drop in inflated option premiums before earnings): Option premiums are inflated before earnings.
Verdict - HAS Q4 FY26
C-

You read it in 5 minutes. When the numbers come out on Wednesday evening - you know what you're looking at.

Data arrives at night. The framework is ready now.

Data arrives on Wednesday evening. The framework is ready on this page: Q4 EPS threshold $1.09[FMP], CapEx threshold "below $13.7M"[Gina Goetter]. Two anchors, three scenarios.

Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).

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Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing

Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore 9-pillar + Insider tracker + Technical levels - all in one platform, for every stock.

Try Pro free for 14 days HAS dossier ->

Educational tool, not investment advice. Past performance does not guarantee future results.

Calendar

Catalyst Calendar - 90-day forward look

May 20, 2026EARNINGSQ4 FY26 results (after market close) + earnings call
May 21, 2026PRICEFirst trading day after earnings - 200dMA test + IV crush
Jul 4, 2026FILING10-Q deadline - segment breakdown + RPO detail (SEC rule: quarter-end + 45 days)
~Aug 20, 2026EARNINGSQ1 FY27 (next quarter, date not yet scheduled in FMP)

DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.

Frequently Asked Questions

What does the HAS earnings preview cover?

This HAS (HAS) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.

What should investors watch for in HAS earnings?

Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.