Funko-A (FNKO) Q2 Earnings and Revenues Top Estimates

Group 1 - Funko-A (FNKO) reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of a loss of $0.14 per share, and showing improvement from a loss of $0.43 per share a year ago, resulting in an earnings surprise of 171.43% [1] - The company achieved revenues of $247.66 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 6.84% and increasing from $240.03 million year-over-year [2] - Funko-A has outperformed the S&P 500, gaining approximately 11.4% since the beginning of the year compared to the S&P 500's gain of 9% [3] Group 2 - The earnings outlook for Funko-A is mixed, with the current consensus EPS estimate for the coming quarter at $0.22 on revenues of $322.4 million, and for the current fiscal year at -$0.05 on revenues of $1.08 billion [7] - The Zacks Industry Rank indicates that the Consumer Products - Discretionary sector is currently in the bottom 25% of over 250 Zacks industries, which may negatively impact stock performance [8]