DIS - Just How Long Can Hasbro Keep Its Winning Streak Going?
Hasbro (NASDAQ: HAS) crushed analyst expectations in the second quarter, driven largely by the monster hit Avengers: End Game and the increasingly popular digital version of its Magic: The Gathering (MTG) role-playing card game. The toy maker's stock has also far outpaced the market index, rising 23% over the past year, or more than three times higher than the S&P 500, making it look like a momentum-based growth stock.
While Hasbro will have more tournaments and games for MTG, as well as new games for the granddaddy of all role-playing games, Dungeons & Dragons, there's a lull in blockbuster movies that appeared in theaters for the period.
So even if it gets some residual lift from Avengers and Spider-Man sales, it won't be until the fourth quarter when Disney's (NYSE: DIS) Frozen 2 and the last Star Wars installment hit the screen (Frozen toys launched earlier this month) when movies will figure large in its results again. So let's see what investors can expect when the toy maker reports third-quarter earnings on Oct. 22.