Zacks: Brokerages Expect Funko Inc (FNKO) Will Announce Earnings of $0.24 Per Share

Equities analysts expect Funko Inc (NASDAQ:FNKO) to report earnings per share (EPS) of $0.24 for the current quarter, according to Zacks. Five analysts have provided estimates for Funko’s earnings, with estimates ranging from $0.22 to $0.25. The business is expected to report its next earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Funko will report full-year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.74. For the next fiscal year, analysts expect that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.84 to $0.96. Zacks’ EPS calculations are an average based on a survey of research firms that follow Funko.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, August 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. Funko had a return on equity of 9.94% and a net margin of 2.70%. The business had revenue of $138.70 million during the quarter, compared to the consensus estimate of $122.54 million. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year.



FNKO has been the subject of a number of recent research reports. Jefferies Financial Group set a $20.00 target price on Funko and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Zacks Investment Research raised Funko from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, July 4th. Piper Jaffray Companies set a $18.00 target price on Funko and gave the stock a “buy” rating in a research report on Thursday, July 19th. Bank of America raised their target price on Funko from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, July 12th. Finally, Goldman Sachs Group downgraded Funko from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research report on Monday, July 16th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $17.89.

NASDAQ:FNKO traded up $0.72 during trading hours on Friday, reaching $20.84. The stock had a trading volume of 1,618,135 shares, compared to its average volume of 917,719. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.63 and a quick ratio of 1.01. Funko has a 12-month low of $5.81 and a 12-month high of $21.85. The company has a market capitalization of $972.04 million and a P/E ratio of 69.47.

Several hedge funds and other institutional investors have recently made changes to their positions in FNKO. Element Capital Management LLC purchased a new position in shares of Funko in the first quarter valued at $104,000. TIAA CREF Investment Management LLC purchased a new position in shares of Funko in the fourth quarter valued at $113,000. Teachers Advisors LLC purchased a new position in shares of Funko in the fourth quarter valued at $124,000. Geode Capital Management LLC purchased a new position in shares of Funko in the fourth quarter valued at $137,000. Finally, Deutsche Bank AG purchased a new position in shares of Funko in the fourth quarter valued at $157,000. Institutional investors own 9.09% of the company’s stock.

Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, bobble head, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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Earnings History and Estimates for Funko (NASDAQ:FNKO)

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