Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation met ...

Investors might want to bet on Funko-A (FNKO) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a cha ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they ...

kipgodi A Positive quarter VAL 30.93% Funko Inc (FNKO) Price % Change 36.00% 30.93% 24.00% 12.00% 0.00% Jul `24 Aug `24 Jun '24 Seeking AlphaQ Aug 12, 2024, 4:13 PMEDT Powered by YCHARTS Data by YCharts Since previously covering this small-cap in 2023, the stock has been flat to down ever since. Funko (NASDAQ:FNKO) post-2023 dipped into negative GAAP earnings territory as the company wrote down excess inventory. They later realized that the company needed to pivot to grow, and that pivot would need new lead ...

11 August 2024 | 10:46PM EDT Sell 2131d4eaf4cb4d50b1d51c8af07b64b4 Funko Inc. (FNKO) Earnings Review: Key takes coming out of 2Q24 results FNKO 12m Price Target: $6.50 Price: $9.62 Downside: 32.4% Funko reported 2Q24 results that came in above the company's 2Q24 guidance and Visible Alpha Consensus Data expectations. Results featured a beat to Revenues ($284M vs. consensus of $231M), Adjusted EBITDA ($28M vs consensus $12M), and Adjusted Diluted EPS estimates ($0.10 vs consensus -$0.13). The beat to Revenue ...

Funko soared past estimates in its second-quarter report. Shares of Funko (FNKO 3.36%), the toymaker best known for its POP! figurines, were moving higher today after the company topped estimates in its second-quarter earnings report and posted a surprise profit. As a result, the stock was up 9.6% as of 11:23 a.m. ET on Friday. Funko impresses in the second quarter Revenue ticked up by 3% to $247.7 million, which topped estimates at $231 million. More importantly, its gross margin surged from 29.2% to 42%, ...

Financial Data and Key Metrics Changes - For Q2 2024, net sales were $248 million, representing a 3% increase year-over-year, marking the first quarter of year-over-year growth since Q3 2022 [4][20] - Gross margin was reported at 42%, and adjusted EBITDA was $28 million, both exceeding guidance expectations [4][16] - Adjusted net income was $5.6 million, or $0.10 per diluted share, which was above the guidance range for the quarter [16] Business Line Data and Key Metrics Changes - Sales of Bitty Pop!, a new product line, more than doubled compared to the same quarter last year, contributing positively to overall performance [4] - Direct-to-consumer sales accounted for 23% of gross sales in Q2, up from 18% in the same quarter last year, with a 33% growth in this channel [15][16] Market Data and Key Metrics Changes - The company experienced a pull forward of approximately $9 million in sales due to customers placing orders earlier to secure vessel space amid rising freight costs [16] - In Europe, the company saw a 20% sales growth, particularly driven by Eastern Europe, Greece, and the Middle East [34] Company Strategy and Development Direction - The company aims to grow by focusing on a fan-centric approach, emphasizing four principles: delighting core fans, attracting new fans, selling where fans are, and improving the fan experience [8][14] - Plans include expanding the direct-to-consumer channel, which has doubled from 12% of total sales in 2022 to approximately 25% today [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's future, citing a passionate employee base and strong fan engagement as key drivers for success [31] - The outlook for 2024 remains stable despite uncertainties in freight costs and consumer spending, with guidance for net sales between $1.047 billion and $1.103 billion [18][20] Other Important Information - The company has appointed Yves LePendeven as Chief Financial Officer, who has been with the company for five years and is well-regarded within the industry [15] - The company is focusing on improving its e-commerce experience and customer service as part of its growth strategy [14] Q&A Session Summary Question: What were the biggest surprises in EBITDA for the quarter? - Management highlighted that the net sales exceeded guidance, with a significant portion pulled forward from Q3, and inventory reserve relief contributed to margin favorability [21][22] Question: What needs to happen in Q4 to achieve the low end of the EBITDA guidance? - Management indicated that sales are expected to be weighted more heavily in the second half, and they are monitoring various economic indicators to ensure they meet their guidance [24] Question: How are wholesale channel inventories compared to previous years? - Management noted that retail partners are in a healthy inventory position, typically maintaining 15 to 20 weeks of supply, which is favorable heading into the holiday season [26][27] Question: What are the drivers of growth in Europe compared to the U.S.? - Management explained that the U.S. market faced challenges due to a strategic pullback in mass channel expansion and a weaker content slate, while Europe experienced strong growth driven by evergreen products [33][34]

Funko-A (FNKO) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of a loss of $0.14 per share. This compares to loss of $0.43 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 171.43%. A quarter ago, it was expected that this company would post a loss of $0.29 per share when it actually produced a loss of $0.17, delivering a surprise of 41.38%. Over the last four quarters, the company has ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to _____________ Commission file number: 001-38274 FUNKO, INC. (Exact name of registrant as specified in its charter) Delaware 35-2593276 (State or other jur ...

Funko Reports Second Quarter 2024 Financial Results; Reiterates 2024 Full-Year Outlook --Q2 Net Sales, Gross Margin and Adjusted EBITDA - All Above Expectations-- EVERETT, Wash. August 8, 2024 -- Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today reported its consolidated financial results for the second quarter ended June 30, 2024. Second Quarter Financial Results Summary: 2024 vs 2023 • Net sales were $247.7 million compared with $240.0 million • Gross profit was $104.0 million, equa ...