Funko, Inc. (FNKO) closed the most recent trading day at $21.05, moving +0.1% from the previous trading session. This move lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq added 0.71%.
Prior to today's trading, shares of the company had gained 5.31% over the past month. This has outpaced the Consumer Discretionary sector's loss of 2.01% and the S&P 500's gain of 0.28% in that time.
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.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.10 per share and revenue of $818.38 million. These totals would mark changes of +34.15% and +19.28%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for FNKO. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection has moved 17.09% higher. FNKO currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, FNKO is holding a Forward P/E ratio of 19.12. Its industry sports an average Forward P/E of 14.89, so we one might conclude that FNKO is trading at a premium comparatively.
Investors should also note that FNKO has a PEG ratio of 1.1 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Consumer Products - Discretionary was holding an average PEG ratio of 1.33 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 211, which puts it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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