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Consumer-focused stocks outperform this week as earnings season rolls on

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Here are of the stocks that saw the largest gains this week, and where analysts see them going forward.

Toymaker Hasbro' s shares jumped 18% this week after its first-quarter revenue came above analysts' estimates. The company also announced a multiyear licensing agreement with its rival Mattel, as they both make efforts to expand the reach of their intellectual property. Almost 70% of analysts covering Hasbro are bullish on shares, according to FactSet dating. The stock's consensus price target implies 22.4% upside over the next 12 months.

5% this week after the company reported its first sales increase in four quarters, as well as higher-than-expected quarterly earnings. Analysts see shares gaining an additional 11.3% over the next 12 months. Investors have responded favorably to CEO Mark Zuckerberg's plans for a "year of efficiency" in 2023, leading to a 97% year-to-date pop in shares. CoStar's shares rallied more than 10% week to date. Almost three-quarters of analysts covering the stock rate it a buy.

 

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