Funko (NASDAQ:FNKO) Releases Q4 2024 Earnings Guidance

Funko (NASDAQ:FNKO) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of -0.050-0.020 for the period, compared to the consensus EPS estimate of 0.020. The company issued revenue guidance of $280.0 million-$294.0 million, compared to the consensus revenue estimate of $316.4 million. Funko also updated its FY 2024 guidance to EPS.

Wall Street Analysts Forecast Growth

FNKO has been the subject of several research analyst reports. B. Riley lifted their price objective on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. DA Davidson upped their price target on shares of Funko from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus raised their price objective on shares of Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd.

Funko Stock Performance

NASDAQ FNKO traded down $1.04 on Friday, hitting $11.18. 2,031,731 shares of the company traded hands, compared to its average volume of 365,603. The company has a current ratio of 0.92, a quick ratio of 0.59 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average price is $11.60 and its 200-day moving average price is $9.94. The company has a market capitalization of $603.05 million, a price-to-earnings ratio of -23.29 and a beta of 1.21. Funko has a 52-week low of $5.36 and a 52-week high of $12.61.

Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.25. Funko had a negative return on equity of 4.69% and a negative net margin of 4.06%. The company had revenue of $247.70 million during the quarter, compared to the consensus estimate of $231.04 million. During the same period in the previous year, the company posted ($0.53) EPS. The firm’s revenue was up 3.2% on a year-over-year basis. Equities analysts expect that Funko will post -0.21 earnings per share for the current year.

Insider Activity

In related news, Director Michael C. Lunsford sold 5,900 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $9.55, for a total value of $56,345.00. Following the completion of the transaction, the director now owns 98,974 shares of the company’s stock, valued at approximately $945,201.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Michael C. Lunsford sold 5,900 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $9.55, for a total value of $56,345.00. Following the transaction, the director now directly owns 98,974 shares of the company’s stock, valued at approximately $945,201.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tracy D. Daw sold 10,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.00, for a total transaction of $120,000.00. Following the sale, the insider now directly owns 6,362 shares of the company’s stock, valued at approximately $76,344. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,805 shares of company stock worth $415,169 in the last three months. Company insiders own 4.81% of the company’s stock.

About Funko

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.