5 Corporate Bigwigs to Buy Ahead of Earnings Next Week
Zacks Investment Research | Feb 03, 2022 07:29AM ET
We are in the middle of the fourth-quarter 2021 earnings season with corporate bigwigs of different sectors and industries of the economy releasing their financial numbers. So far this reporting cycle, earnings results have come in well above initial expectations. Earnings results have helped Wall Street regain its northward momentum after a tumultuous January.
Next week will be a big one for this earnings season as more than 720 companies are slated to release results. Five of them — Hasbro Inc (NASDAQ:HAS). Earnings ESP Filter .
The chart below shows the price performance of our five picks in the last quarter.
Hasbro is engaged in the design, manufacture and marketing of high-tech and digital games and toys under various well-known brands. HAS has been benefiting from new product launches, strategic partnerships and a strong product line-up.
Backed by a global retail network and investments in new channels, Hasbro witnessed solid growth in its e-commerce revenues. Going forward, HAS should continue to focus on retailers expanding their online offerings. Hasbro stated that it has enough liquidity to survive the pandemic scenario for some time.
The Zacks Rank #2 Hasbro has an Earnings ESP of +2.50%. It has an expected earnings growth rate of 8.6% for the current year. The Zacks Consensus Estimate for current-year earnings improved 0.2% over the last 7 days.
HAS recorded earnings surprises in the last four reported quarters, with an average beat of 47.7%. Hasbro is set to release Zacks Earnings Calendar .
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