Funko Gears Up to Report Q4 Earnings: Here's What to Know

Core Viewpoint - Funko, Inc. (FNKO) is expected to report its fourth-quarter 2024 earnings on March 6, 2025, after market close [1] Earnings Performance - In the year-ago quarter, FNKO's adjusted earnings and net sales exceeded the Zacks Consensus Estimate by 250% and 1.1%, respectively [2] - Year-over-year, the top line decreased by 6.4%, while the bottom line saw a significant increase of 366.7% [2] - FNKO has reported better-than-expected earnings in three of the last four quarters, with an average surprise of 115.7% [2] Earnings Estimates - The Zacks Consensus Estimate for FNKO's adjusted earnings per share has increased to two cents from one cent over the past 30 days, indicating a 100% year-over-year growth [3] Factors Influencing Q4 Results - FNKO's fourth-quarter performance is likely impacted by low sales volume in the U.S. and European markets, partially offset by higher sales in other international markets [4] - The company anticipates net sales to be between $280 million and$294 million, compared to 291.2 million in the same quarter last year [4] Operating Expenses and EBITDA - The bottom line is expected to grow year-over-year due to lower operating expenses, particularly a decline in selling, general, and administrative (SG&A) expenses [5] - The expected range for fourth-quarter SG&A expenses is 93 million to $99 million, down from$97.4 million reported in the previous year [6] - Adjusted EBITDA is projected to be between $17 million and$22 million, a decrease from $23.5 million in the fourth quarter of 2023 [6] Earnings Prediction Model - The current model does not predict an earnings beat for FNKO, as the Earnings ESP stands at 0.00% and the company holds a Zacks Rank of 3 (Hold) [7][8]