Let’s check out the top movers after earnings!
1. $Procter & Gamble(PG)$ fell nearly 5% after releasing its earnings report, ultimately closing down 3.74%.
EPS: $1.54 vs. $1.53 expected (Beat +0.65%)
Revenue: $19.78 billion vs. $20.11 billion expected (Miss -1.64%)
Cut outlook: Now expecting flat sales growth for fiscal 2025, down from the prior forecast of 2%–4% revenue growth. Also reduced its core EPS guidance to $6.72–$6.82, down from the previous outlook of $6.91–$7.05.
The company warned it would have to raise prices to offset higher tariff costs and lowered its annual forecast. Net sales fell in Q3 due to a “challenging and volatile consumer and geopolitical environment,” with some business segments underperforming. U.S. consumer spending also slowed in February and March.
The CFO said the company would use all available tools to mitigate the impact of tariffs on its cost structure and P&L, including pricing and cost-cutting. It will introduce new products at higher prices and raise prices on select existing products.
2. $Hasbro(HAS)$ surged 14.58% after EPS beats 52%
EPS: $1.04 vs. $0.68 expected (Beat +52.9%)
Revenue: $887.1 million vs. $770.6 million expected (Beat +15.1%)
Outlook: Maintained prior full-year guidance; expects total cost increases of $100M–$300M due to tariffs.
Despite the strong earnings beat, Hasbro warned that if the U.S. does not reduce the 145% import tariffs on Chinese goods, the company could face a $300 million profit hit, contributing to stock price volatility.
CFO Gina Goetter said the company’s forecast factored in multiple tariff scenarios, estimating a $100M–$300M total impact. CEO Chris Cocks said they would need to raise prices under the 145% tariff scenario but would do so selectively to minimize the burden on fans and families. The company is also accelerating a $1 billion cost-saving plan to offset tariff pressures.
Hasbro stock holds a “Moderate Buy” consensus rating from Wall Street analysts, based on 5 Buys and 2 Holds in the past three months. The average target price is $71.17, implying a 17.35% upside from current levels.
3. $Pepsi(PEP)$ fell 4.89% with trimmed outlook.
EPS: $1.48 vs. $1.49 expected (Miss -0.7%)
Revenue: $17.92 billion vs. $17.77 billion expected (Beat +0.8%)
Outlook: 2025 core EPS forecast cut by 3%, from prior low single-digit growth guidance.
PepsiCo missed profit expectations and cut its full-year earnings guidance, largely due to tariff uncertainty and cautious consumer spending.
CEO Ramon Laguarta said the company expects “more volatility and uncertainty ahead,” which could raise supply chain costs. PepsiCo is actively managing these cost pressures through key raw material procurement adjustments, productivity acceleration, supply chain optimization, logistics improvements, and tight cost control.
4. $ServiceNow(NOW)$ jumped over 15% following lifted guidance
EPS: $4.04 vs. $3.83 expected (Beat +5.5%)
Revenue: $3.09 billion vs. $3.08 billion expected (Beat +0.3%)
Outlook: Full-year guidance raised, though no specific numbers were disclosed.
ServiceNow reported stronger-than-expected Q1 results and expressed optimism for the future, despite ongoing macroeconomic uncertainty.
CEO Bill McDermott referenced “very positive” discussions with a U.S. government efficiency task force led by Tesla CEO Elon Musk. Despite strong results, only a portion of the gains were reflected in the full-year forecast due to potential geopolitical risks. Public sector revenue grew 30%, including 11 federal deals worth over $1 million.
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