Funko, Inc. (FNKO) Stock Moves -0.31%: What You Should Know
Funko, Inc. (FNKO) closed the most recent trading day at $19.08, moving -0.31% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.35%. At the same time, the Dow lost 0.4%, and the tech-heavy Nasdaq lost 0.39%.
Prior to today's trading, shares of the company had gained 19.92% over the past month. This has outpaced the Consumer Discretionary sector's gain of 5.19% and the S&P 500's gain of 4.48% in that time.
Wall Street will be looking for positivity from FNKO as it approaches its next earnings report date. This is expected to be February 28, 2019. The company is expected to report EPS of $0.34, up 54.55% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $197.18 million, up 16.35% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for FNKO. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. FNKO is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, FNKO is currently trading at a Forward P/E ratio of 20.25. This valuation marks a premium compared to its industry's average Forward P/E of 17.14.
It is also worth noting that FNKO currently has a PEG ratio of 0.92. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. FNKO's industry had an average PEG ratio of 1.44 as of yesterday's close.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 173, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Funko, Inc. (FNKO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
