Funko, Inc. (FNKO Quick QuoteFNKO - Free Report) shares rallied 6.1% in the last trading session to close at $15.33. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 10.1% gain over the past four weeks.

Shares of Funko appreciated after the company’s reported robust fourth-quarter 2020 results. Both top and bottom lines increased 6% and 61.1% year over year, respectively. In 2021, the company anticipates sale growth in the range of 25% to 30%.  

Price and Consensus

This company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of -27.8%. Revenues are expected to be $195.38 million, down 8.5% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For Funko, Inc., the consensus EPS estimate for the quarter has been revised 23.1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on FNKO going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>