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Funko, Inc. (FNKO) Flat As Market Sinks: What You Should Know
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In the latest trading session, Funko, Inc. (FNKO - Free Report) closed at $18.64, marking no change from the previous day. This change was narrower than the S&P 500's daily loss of 0.27%. At the same time, the Dow lost 0.41%, and the tech-heavy Nasdaq gained 0.09%.
Prior to today's trading, shares of the company had gained 17.23% over the past month. This has outpaced the Consumer Discretionary sector's gain of 5.18% and the S&P 500's gain of 6.26% in that time.
FNKO will be looking to display strength as it nears its next earnings release. In that report, analysts expect FNKO to post earnings of $0.34 per share. This would mark year-over-year growth of 54.55%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $197.18 million, up 16.35% from the year-ago period.
Investors might also notice recent changes to analyst estimates for FNKO. Recent revisions tend to reflect the latest near-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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.64% higher. FNKO is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, FNKO currently has a Forward P/E ratio of 19.73. Its industry sports an average Forward P/E of 16.8, so we one might conclude that FNKO is trading at a premium comparatively.
We can also see that FNKO currently has a PEG ratio of 0.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Consumer Products - Discretionary industry currently had an average PEG ratio of 1.46 as of yesterday's close.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Funko, Inc. (FNKO) Flat As Market Sinks: What You Should Know
In the latest trading session, Funko, Inc. (FNKO - Free Report) closed at $18.64, marking no change from the previous day. This change was narrower than the S&P 500's daily loss of 0.27%. At the same time, the Dow lost 0.41%, and the tech-heavy Nasdaq gained 0.09%.
Prior to today's trading, shares of the company had gained 17.23% over the past month. This has outpaced the Consumer Discretionary sector's gain of 5.18% and the S&P 500's gain of 6.26% in that time.
FNKO will be looking to display strength as it nears its next earnings release. In that report, analysts expect FNKO to post earnings of $0.34 per share. This would mark year-over-year growth of 54.55%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $197.18 million, up 16.35% from the year-ago period.
Investors might also notice recent changes to analyst estimates for FNKO. Recent revisions tend to reflect the latest near-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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.64% higher. FNKO is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, FNKO currently has a Forward P/E ratio of 19.73. Its industry sports an average Forward P/E of 16.8, so we one might conclude that FNKO is trading at a premium comparatively.
We can also see that FNKO currently has a PEG ratio of 0.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Consumer Products - Discretionary industry currently had an average PEG ratio of 1.46 as of yesterday's close.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.