Funko Q4 2023 Adj EPS $0.010 Beats $(0.040) Estimate, Sales $291.200M Beat $281.961M Estimate
Portfolio Pulse from Benzinga Newsdesk
Funko reported Q4 2023 adjusted EPS of $0.010, surpassing the $(0.040) estimate, with sales of $291.200M exceeding the $281.961M forecast. This represents a 12.56% decrease in sales compared to the same period last year.
March 07, 2024 | 9:20 pm
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POSITIVE IMPACT
Funko's Q4 2023 earnings and sales exceeded analyst expectations, with a slight decrease in sales compared to last year.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. However, the year-over-year decrease in sales might temper some of the positive impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100