Pop culture collectibles manufacturer Funko (NASDAQ:FNKO) will be announcing earnings results tomorrow afternoon. Here’s what you need to know.
Funko beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $292.8 million, down 6.4% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EPS estimates but EBITDA guidance for next quarter missing analysts’ expectations.
Is Funko a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Funko’s revenue to decline 1.8% year on year to $286.1 million, improving from the 12.6% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Funko has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Funko’s peers in the toys and electronics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Mattel delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 1.2%, and Hasbro reported a revenue decline of 14.5%, topping estimates by 7.6%. Mattel traded up 15.3% following the results while Hasbro was also up 10.6%.
Read our full analysis of Mattel’s results here and Hasbro’s results here.
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