In the latest trading session, Funko, Inc. (FNKO) closed at $17.27, marking a +0.99% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.94%. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq lost 1.18%.
Coming into today, shares of the company had gained 5.23% in the past month. In that same time, the Consumer Discretionary sector gained 7.87%, while the S&P 500 gained 8.01%.
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 $0.34 per share, which would represent year-over-year growth of 54.55%. Our most recent consensus estimate is calling for quarterly revenue of $197.18 million, up 16.35% from the year-ago period.
It is also important to note the recent changes to analyst estimates for FNKO. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering 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 sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, FNKO is holding a Forward P/E ratio of 18.09. This represents a premium compared to its industry's average Forward P/E of 18.01.
Also, we should mention that FNKO has a PEG ratio of 0.82. 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. FNKO's industry had an average PEG ratio of 1.48 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 108, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow FNKO in the coming trading sessions, be sure to utilize Zacks.com.
Funko, Inc. (FNKO): Free Stock Analysis Report
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