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Funko, Inc. (FNKO) Stock Sinks As Market Gains: What You Should Know
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Funko, Inc. (FNKO - Free Report) closed the most recent trading day at $21.67, moving -0.23% from the previous trading session. This change lagged the S&P 500's 1.16% gain on the day. Meanwhile, the Dow gained 1.27%, and the Nasdaq, a tech-heavy index, added 1.29%.
Heading into today, shares of the company had gained 9.2% over the past month, outpacing the Consumer Discretionary sector's loss of 0.84% and the S&P 500's gain of 1.92% 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.
FNKO's full-year Zacks Consensus Estimates are calling for earnings of $1.10 per share and revenue of $818.38 million. These results would represent year-over-year changes of +34.15% and +19.28%, respectively.
Any recent changes to analyst estimates for FNKO should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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).
In terms of valuation, FNKO is currently trading at a Forward P/E ratio of 19.75. For comparison, its industry has an average Forward P/E of 15.02, which means FNKO is trading at a premium to the group.
Investors should also note that FNKO has a PEG ratio of 1.14 right now. 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. Consumer Products - Discretionary stocks are, on average, holding a PEG ratio of 1.32 based on yesterday's closing prices.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 22% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Funko, Inc. (FNKO) Stock Sinks As Market Gains: What You Should Know
Funko, Inc. (FNKO - Free Report) closed the most recent trading day at $21.67, moving -0.23% from the previous trading session. This change lagged the S&P 500's 1.16% gain on the day. Meanwhile, the Dow gained 1.27%, and the Nasdaq, a tech-heavy index, added 1.29%.
Heading into today, shares of the company had gained 9.2% over the past month, outpacing the Consumer Discretionary sector's loss of 0.84% and the S&P 500's gain of 1.92% 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.
FNKO's full-year Zacks Consensus Estimates are calling for earnings of $1.10 per share and revenue of $818.38 million. These results would represent year-over-year changes of +34.15% and +19.28%, respectively.
Any recent changes to analyst estimates for FNKO should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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).
In terms of valuation, FNKO is currently trading at a Forward P/E ratio of 19.75. For comparison, its industry has an average Forward P/E of 15.02, which means FNKO is trading at a premium to the group.
Investors should also note that FNKO has a PEG ratio of 1.14 right now. 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. Consumer Products - Discretionary stocks are, on average, holding a PEG ratio of 1.32 based on yesterday's closing prices.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 22% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.