Funko (NASDAQ:FNKO) reported its Q4 earnings results on Thursday, March 3, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Funko beat estimated earnings by 58.33%, reporting an EPS of $0.38 versus an estimate of $0.24.
Revenue was up $109.76 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 8.96% increase in the share price the next day.
Here's a look at Funko's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.38 | 0.18 | 0.11 | |
| EPS Actual | 0.39 | 0.40 | 0.24 | 0.29 |
| Revenue Estimate | 240.74M | 205.15M | 180.30M | 195.67M |
| Revenue Actual | 267.73M | 236.11M | 189.18M | 226.51M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Funko management provided guidance for their next quarter, expecting earnings between $1.75 and $1.91 per share for the next quarter.
This represents a 381.58% in quarter-over-quarter growth for Funko, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
