SharkNinja, Inc. (SN) closed the most recent trading day at $148.81, moving +1.58% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.81%. Elsewhere, the Dow saw an upswing of 0.27%, while the tech-heavy Nasdaq appreciated by 1.3%.
Heading into today, shares of the company had gained 14.25% over the past month, outpacing the Consumer Discretionary sector's gain of 0.17% and the S&P 500's gain of 1.13%.
Analysts and investors alike will be keeping a close eye on the performance of SharkNinja, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.09, indicating a 12.37% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.64 billion, up 13.45% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $6.12 per share and a revenue of $7.19 billion, demonstrating changes of +15.91% and +12.34%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SharkNinja, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% increase. SharkNinja, Inc. is currently a Zacks Rank #3 (Hold).
Digging into valuation, SharkNinja, Inc. currently has a Forward P/E ratio of 23.94. For comparison, its industry has an average Forward P/E of 15.36, which means SharkNinja, Inc. is trading at a premium to the group.
Investors should also note that SN has a PEG ratio of 1.85 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Consumer Products - Discretionary was holding an average PEG ratio of 1.52 at yesterday's closing price.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 94, finds itself in the top 39% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SharkNinja, Inc. (SN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).