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Funko, Inc. (FNKO) is a pop culture consumer products company.
The company designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom.
The company offers vinyl, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.
The company sells its products to specialty retailers, mass-market retailers, and e-commerce sites; distributors for sale to small retailers; and consumers through its e-commerce business, as well as at specialty licensing and comic book shows, conventions, and exhibitions.
On August 8th, Funko reported 2nd Quarter June 2019 earnings of $0.25 per share on revenue of $191.2 million. The consensus earnings estimate was $0.13 per share on revenue of $170.9 million. The Earnings Whisper number was $0.16 per share. Revenue grew 37.8% on a year-over-year basis.
The company said it expects 2019 non-GAAP earnings of $1.15 to $1.22 per share on revenue of $840.0 million to $850.0 million. The company's previous guidance was earnings of $1.05 to $1.15 per share on revenue of $810.0 million to $825.0 million and the current consensus earnings estimate is $1.15 per share on revenue of $825.6 million for the year ending December 31, 2019.
Shares have sold off following the report. Shares are now sitting at a support level. The 200-day moving average is shown in brown.
Entry Point: $19.85
Trading Range: $11.22 to $27.89
Stop Loss: $18.85
Target Price: $21.85
FNKO closed at $18.65
