Hasbro shares have declined 5.9% since the company reported first-quarter fiscal 2026 results, underperforming the S&P 500. The toymaker posted adjusted earnings per share of $1.47, up 41.3% year over year and beating the Zacks Consensus Estimate of $1.12, while net revenues rose 12.7% to $1 billion, topping the $957 million consensus. Performance was driven by a 26% revenue jump in the Wizards of the Coast and Digital Gaming segment to $582 million, fueled by MAGIC: THE GATHERING and Monopoly Go!, though the Consumer Products segment was essentially flat at $397.9 million and Entertainment revenues fell 24% to $20.3 million. Hasbro reiterated its full-year outlook for total revenue growth of 3-5% in constant currency and adjusted EBITDA of $1.40 billion to $1.45 billion, but analyst estimates have since trended downward, with the consensus estimate shifting negative 8.78% over the past month.
Hasbro IncStock fell 5.9% since Q1 beat despite strong earnings, as analyst estimates trended downward and consensus shifted negative 8.78% over the past month.