Funko's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Funko (NASDAQ:FNKO) is expected to report a Q4 EPS of $-0.04 on March 7, 2024. Analysts and investors are keen on whether Funko will surpass this estimate and provide positive guidance for the next quarter. Historically, Funko's share price has reacted significantly to past earnings performances and guidance. Last quarter, Funko beat the EPS estimate by $0.08, leading to a 16.51% share price increase the following day. Over the last year, Funko's shares have declined by 20.44%, indicating potential concern among long-term shareholders ahead of the earnings announcement.
March 06, 2024 | 3:01 pm
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NEUTRAL IMPACT
Funko is anticipated to report a Q4 EPS of -$0.04, with significant interest in whether it will exceed this estimate and offer positive future guidance. The company's past performance shows a strong reaction in share price to earnings outcomes and guidance. Despite a positive beat last quarter, the annual share performance has been negative, indicating potential volatility around the earnings announcement.
The expected EPS and the historical performance suggest a neutral to potentially positive short-term impact on FNKO's stock price, depending on whether it beats the EPS estimate and provides favorable guidance. However, the overall negative yearly performance introduces uncertainty, making the exact direction of the impact less predictable.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100