Zacks: Brokerages Anticipate Funko Inc (NASDAQ:FNKO) to Post -$0.33 EPS

Brokerages expect Funko Inc (NASDAQ:FNKO) to post earnings per share of ($0.33) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Funko’s earnings, with estimates ranging from ($0.55) to ($0.12). Funko reported earnings of $0.25 per share during the same quarter last year, which indicates a negative year over year growth rate of 232%. The company is scheduled to issue its next earnings results on Thursday, August 13th.

On average, analysts expect that Funko will report full year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.66. For the next year, analysts forecast that the business will post earnings of $0.51 per share, with EPS estimates ranging from $0.35 to $0.84. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Funko.

Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.11. The company had revenue of $136.70 million for the quarter, compared to analyst estimates of $133.98 million. Funko had a net margin of 0.71% and a return on equity of 9.89%.

Several research analysts have recently issued reports on FNKO shares. BMO Capital Markets cut their price target on Funko from $18.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, February 10th. TheStreet downgraded Funko from a “c-” rating to a “d+” rating in a research note on Monday, February 10th. Piper Sandler downgraded shares of Funko from an “overweight” rating to a “neutral” rating and cut their target price for the company from $10.00 to $5.00 in a research note on Wednesday, April 22nd. Goldman Sachs Group cut their target price on shares of Funko from $8.00 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Finally, BidaskClub downgraded shares of Funko from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $11.75.

Shares of NASDAQ:FNKO traded down $0.06 during midday trading on Friday, hitting $4.78. 475,790 shares of the stock were exchanged, compared to its average volume of 1,023,597. The stock has a market cap of $239.51 million, a P/E ratio of 28.12, a PEG ratio of 1.24 and a beta of 2.43. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.86. Funko has a twelve month low of $3.12 and a twelve month high of $27.89. The company has a 50 day moving average price of $3.94 and a 200-day moving average price of $10.20.

Several large investors have recently modified their holdings of FNKO. Metropolitan Life Insurance Co NY purchased a new stake in shares of Funko during the 1st quarter worth about $85,000. First Trust Advisors LP boosted its holdings in Funko by 11.8% in the 1st quarter. First Trust Advisors LP now owns 20,936 shares of the company’s stock worth $455,000 after acquiring an additional 2,211 shares during the period. State Street Corp boosted its holdings in Funko by 12.5% in the 3rd quarter. State Street Corp now owns 307,717 shares of the company’s stock worth $6,331,000 after acquiring an additional 34,229 shares during the period. Stifel Financial Corp boosted its holdings in Funko by 44.1% in the 3rd quarter. Stifel Financial Corp now owns 63,641 shares of the company’s stock worth $1,301,000 after acquiring an additional 19,490 shares during the period. Finally, New York State Teachers Retirement System purchased a new position in Funko in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 58.15% of the company’s stock.

About Funko

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, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

Recommended Story: Asset Allocation Models, Which is Right For You?

Get a free copy of the Zacks research report on Funko (FNKO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Funko (NASDAQ:FNKO)

Receive News & Ratings for Funko Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Funko and related companies with MarketBeat.com's FREE daily email newsletter.