Funko Sees Q3 Net Sales $282M-$297M vs $319.22M Est., Adj. EPS $0.01-$0.06 vs $0.20 Est.
Portfolio Pulse from Benzinga Newsdesk
Funko has announced its Q3 net sales forecast to be between $282 million and $297 million, which is below the estimated $319.22 million. Additionally, the company expects adjusted EPS to range from $0.01 to $0.06, significantly lower than the estimated $0.20.
August 08, 2024 | 8:11 pm
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NEGATIVE IMPACT
Funko's Q3 net sales and adjusted EPS forecasts are significantly below market expectations, which could lead to a negative short-term impact on the stock price.
The lower-than-expected net sales and adjusted EPS forecasts indicate potential challenges in Funko's business performance, likely leading to a negative reaction from investors and a drop in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100