Why Funko Stock Is Soaring Today
(NASDAQ: FNKO) stock is seeing big gains in Friday's trading. The collectible-figurine specialist's share price was up 18.4% as of 1:45 p.m. ET, according to data from S&P Global Market Intelligence.
Funko published third-quarter earnings results after the market closed yesterday, and its sales and earnings performance topped Wall Street's expectations. The company reported a non-GAAP (adjusted) profit of $0.03 per share on sales of $312.9 million, beating the average analyst earnings target by $0.08 per share and the average sales target by roughly $23.3 million.
While Funko's sales dropped roughly 14% year over year in Q3, its performance still managed to beat the market's expectations. Similarly, adjusted earnings per share dipped 89% compared to the same period last year but still managed to beat the average Wall Street target.
Source Fool.com
Funko Inc Stock
Our community is currently high on Funko Inc with 5 Buy predictions and 1 Sell predictions.
As a result the target price of 9 € shows a slightly positive potential of 7.42% compared to the current price of 8.38 € for Funko Inc.
