Funko Inc reports results for the quarter ended in September - Earnings Summary

Funko

02/11/2023 21:54

* Funko Inc  FNKO.OQ  reported quarterly adjusted earnings
of 3
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 28
cents.  The mean expectation of five analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -10 cents to 6 cents per share.
    * Revenue fell 14.4% to $312.94 million from a year ago;
analysts
expected $291.88 million. 
    * Funko Inc's reported EPS for the quarter was a loss of 31
cents​.
    * The company reported a quarterly loss of $15.01 million.
    * Funko Inc shares had fallen by 6.3% this quarter and
lost 34.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 120.5% in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Funko Inc
is
$8.00 

This summary was machine generated from LSEG data November 2 at
09:53 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.05          0.03           Beat
 Jun. 30 2023      -0.43          -0.43          Met
 Mar. 31 2023      -0.92          -0.49          Beat
 Dec. 31 2022      -0.12          -0.35          Missed