Funko Stock Nears Fresh Annual High Ahead of Earnings

Funko is slated to report earning on Thursday, March 11

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Funko, Inc. (NASDAQ:FNKO) is an American company that manufactures licensed pop culture collectibles, best known for their licensed vinyl figurines and bobbleheads. Recently, Funko shared that it will report quarterly and full-year results after the close on Thursday, March 11. FNKO has managed to beat expectations on all four of its most recent earnings reports, and analysts expect that the company will report an earnings per share (EPS) of $0.14 on Thursday.

For the fourth quarter of 2019, FNKO beat analysts’ estimates by a margin of $0.02 and reported an EPS of $0.18. For the first quarter of 2020, Funko decreased its EPS down to -$0.04, but still beat expectations by a margin of $0.03. For the following quarter, FNKO posted another decrease in earnings. The company reported an EPS of -$0.20 but still beat analyst estimates by a margin of $0.21.For the third quarter of 2020, Funko reported an EPS of $0.31 and outperformed expectations by a margin of $0.21 yet again.

On top of some solid performance at the earnings confessional, Funko stock has already shot up 38% year-to-date. In addition, FNKO has increased 177% year-over-year and is up 346% from its all-time low of $3.12. Shares of Funko are currently down just 4.5% from their 52-week high of $13.90.

Funko has maintained consistent revenue and net income growth since going public in 2017. Revenues are expected to be down about $170 million for fiscal 2020. Additionally, FNKO is likely to report very minimal net profits, if not a net loss. Funko will likely resume its steady growth, but still may not see a full recovery in 2021. FNKO has already priced in a full recovery, making it unlikely for Funko stock see much more significant growth over the coming year.

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