Zacks: Analysts Anticipate Funko Inc (FNKO) Will Post Earnings of $0.02 Per Share

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Brokerages expect Funko Inc (NASDAQ:FNKO) to post earnings per share (EPS) of $0.02 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Funko’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at $0.00. The firm is expected to announce its next earnings report on Thursday, August 9th.

According to Zacks, analysts expect that Funko will report full-year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.62 to $0.67. For the next year, analysts expect that the company will post earnings of $0.85 per share, with EPS estimates ranging from $0.80 to $0.90. 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 quarterly earnings data on Thursday, May 10th. The company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $137.20 million for the quarter, compared to the consensus estimate of $122.64 million. The firm’s revenue for the quarter was up 38.4% compared to the same quarter last year.

Separately, Zacks Investment Research upgraded shares of Funko from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $12.38.

Several hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Funko during the first quarter worth approximately $189,000. Element Capital Management LLC acquired a new position in shares of Funko during the first quarter worth approximately $104,000. Citadel Advisors LLC lifted its position in shares of Funko by 203.8% during the first quarter. Citadel Advisors LLC now owns 225,578 shares of the company’s stock worth $1,852,000 after purchasing an additional 151,326 shares in the last quarter. J. Goldman & Co LP acquired a new position in shares of Funko during the fourth quarter worth approximately $4,822,000. Finally, Millennium Management LLC acquired a new position in shares of Funko during the fourth quarter worth approximately $453,000. Institutional investors own 9.84% of the company’s stock.

Shares of Funko opened at $11.81 on Thursday, MarketBeat Ratings reports. Funko has a 1-year low of $5.81 and a 1-year high of $12.37. The company has a current ratio of 1.63, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73.

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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