Pop culture collectibles manufacturer Funko (NASDAQ: FNKO) will be announcing earnings results this Thursday afternoon. Here’s what to look for.
Funko beat analysts’ revenue expectations last quarter, reporting revenues of $207.7 million, up 7.4% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Funko a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Funko’s revenue to be flat year on year, improving from the 14.3% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Funko rarely misses Wall Street’s revenue estimates.
Looking at Funko’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Hasbro delivered year-on-year revenue growth of 15%, beating analysts’ expectations by 7.9%, and Hilton Grand Vacations reported revenues up 50.8%, topping estimates by 39.5%. Hasbro traded up 15.7% following the results while Hilton Grand Vacations was also up 8.2%.
Read our full analysis of Hasbro’s results here and Hilton Grand Vacations’s results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 4.7% on average over the last month. Funko is up 3.5% during the same time and is heading into earnings with an average analyst price target of $7.25 (compared to the current share price of $6.28).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
