Funko, Inc. (FNKO) closed at $21.28 in the latest trading session, marking a -0.51% move from the prior day. This change lagged the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.55%, while the tech-heavy Nasdaq added 0.07%.
Coming into today, shares of the company had gained 12.88% in the past month. In that same time, the Consumer Discretionary sector lost 0.55%, while the S&P 500 gained 2.14%.
Wall Street will be looking for positivity from FNKO as it approaches its next earnings report date. On that day, FNKO is projected to report earnings of $0.09 per share, which would represent year-over-year growth of 200%. Our most recent consensus estimate is calling for quarterly revenue of $158.61 million, up 15.6% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.10 per share and revenue of $818.38 million, which would represent changes of +34.15% and +19.28%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for FNKO. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 17.09% higher within the past month. FNKO is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note FNKO's current valuation metrics, including its Forward P/E ratio of 19.44. For comparison, its industry has an average Forward P/E of 15.45, which means FNKO is trading at a premium to the group.
We can also see that FNKO currently has a PEG ratio of 1.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Consumer Products - Discretionary was holding an average PEG ratio of 1.46 at yesterday's closing price.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 199, which puts it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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