Funko, Inc. (FNKO - Free Report) closed at $6 in the latest trading session, marking a +0.33% move from the prior day. This move outpaced the S&P 500's daily loss of 0.81%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, lost 1.27%.
Prior to today's trading, shares of the company had lost 5.97% over the past month. This has lagged the Consumer Discretionary sector's gain of 6.62% and the S&P 500's gain of 5.06% 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 a year-over-year decline of 76.32%. Meanwhile, our latest consensus estimate is calling for revenue of $168.66 million, down 24.47% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.02 per share and revenue of $613.08 million. These totals would mark changes of -97.92% and -22.87%, respectively, from last year.
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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 165.28% lower. FNKO currently has a Zacks Rank of #3 (Hold).
In terms of valuation, FNKO is currently trading at a Forward P/E ratio of 256.29. This valuation marks a premium compared to its industry's average Forward P/E of 17.82.
Meanwhile, FNKO's PEG ratio is currently 17.09. 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 was holding an average PEG ratio of 2.86 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 27, which puts it in the top 11% 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.
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