Toy and entertainment company Hasbro (NASDAQ: HAS) will be announcing earnings results this Thursday before market open. Here’s what you need to know.

Hasbro beat analysts’ revenue expectations by 11.2% last quarter, reporting revenues of $980.8 million, down 1.5% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Is Hasbro a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Hasbro’s revenue to grow 4.9% year on year to $1.34 billion, a reversal from the 14.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.63 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hasbro has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Hasbro’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Mattel’s revenues decreased 5.9% year on year, missing analysts’ expectations by 5.5%, and Nike reported revenues up 1.1%, topping estimates by 6.5%. Nike traded up 6.5% following the results.

Read our full analysis of Mattel’s results here and Nike’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. Hasbro’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $89.58 (compared to the current share price of $74.39).

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