Funko, Inc. (NASDAQ:FNKO) investors will be delighted, with the company turning in some strong numbers with its latest results. Funko delivered a significant beat to revenue and earnings per share (EPS) expectations, with sales hitting US$236m, some 15% above indicated. Statutory EPS were US$0.34, an impressive 140% ahead of forecasts. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for Funko

Taking into account the latest results, the consensus forecast from Funko's nine analysts is for revenues of US$923.2m in 2021, which would reflect a decent 9.5% improvement in sales compared to the last 12 months. Statutory earnings per share are predicted to soar 160% to US$1.07. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$881.9m and earnings per share (EPS) of US$0.93 in 2021. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a nice increase in earnings per share in particular.

Despite these upgrades,the analysts have not made any major changes to their price target of US$24.36, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Funko, with the most bullish analyst valuing it at US$32.00 and the most bearish at US$18.00 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Funko's rate of growth is expected to accelerate meaningfully, with the forecast 20% annualised revenue growth to the end of 2021 noticeably faster than its historical growth of 4.1% p.a. over the past three years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.3% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Funko to grow faster than the wider industry.