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Fly News Breaks for February 11, 2020
HAS
Feb 11, 2020 | 08:20 EDT
Goldman Sachs analyst Michael Ng says Hasbro's Q4 EPS beat the consensus driven by an operating profit beat and better net interest and other income, with revenue coming in largely in line with the consensus and better than expected following negative read-throughs from toy peers. Ng tells investors in a research note that Franchise Brands, Partner Brands and Gaming beat his estimate, while Emerging Brands fell short. The analyst, who made no change to his Buy rating and $124 price target, says he expects Hasbro to trade higher on a solid operating profit beat despite a difficult retail toy environment.