Earnings Play: Hasbro

How to handle Hasbro's earnings

Uptrend 3

On Wednesday, before market, Hasbro (HAS) is anticipated to release 1Q EPS of $0.64 compared to $0.21 the prior year on revenue of approximately $1.1B vs. $732.5M last year. The company manufacturers toys and games, and on April 25th, Hasbro announced plans to produce 50,000 face shields per week for front-line health care workers.  

From a technical point of view, Hasbro's stock price has retraced over half of what it lost since its 2020 peak at $109.50 on February 11th. Price recently found resistance at its 50 day moving average where it held until price found support on the 20 day moving average. The 20 day moving average crossed above the 50 day moving average, which is a bullish signal. Price managed to hold above the moving average cross before it continued on its bullish trend. If price can hold above the rising trend line we should expect a return to $88.57 and a possible retest of 99.12 near its 200 day moving average.

Source: GAIN Capital, TradingView

More from Earnings

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.