Yahoo Finance Funko Earnings: What To Look For From FNKO
Pop culture collectibles manufacturer Funko (NASDAQ:FNKO) will be reporting earnings tomorrow afternoon. Here's what to look for.
Funko missed analysts' revenue expectations by 2.1% last quarter, reporting revenues of $215.7 million, down 14.4% year on year. It was a mixed quarter for the company, with a decent beat of analysts' earnings estimates.
Is Funko a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Funko's revenue to decline 3.7% year on year to $231 million, improving from the 24% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.14 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Funko has missed Wall Street's revenue estimates twice over the last two years.
Looking at Funko's peers in the toys and electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Hasbro's revenues decreased 17.7% year on year, beating analysts' expectations by 5.5%, and Mattel reported flat revenue, falling short of estimates by 1.8%. Hasbro traded up 7.4% following the results while Mattel was also up 9.7%.
Read our full analysis of Hasbro's results here and Mattel's results here.
Investors in the toys and electronics segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Funko is down 9.8% during the same time and is heading into earnings with an average analyst price target of $10.1 (compared to the current share price of $8.7).
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