SharkNinja, Inc. (SN) closed the most recent trading day at $189.98, moving +2.7% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.06%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw a decrease of 0.44%.
Prior to today's trading, shares of the company had gained 15.04% outpaced the Consumer Discretionary sector's gain of 1.39% and the S&P 500's gain of 2.36%.
The investment community will be closely monitoring the performance of SharkNinja, Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.89, marking a 26% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.86 billion, indicating a 14.04% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.54 per share and revenue of $7.48 billion, which would represent changes of +23.86% and +16.83%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SharkNinja, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, SharkNinja, Inc. possesses a Zacks Rank of #3 (Hold).
Looking at valuation, SharkNinja, Inc. is presently trading at a Forward P/E ratio of 28.28. This expresses a premium compared to the average Forward P/E of 14.84 of its industry.
Meanwhile, SN's PEG ratio is currently 1.97. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Consumer Products - Discretionary industry stood at 1.81 at the close of the market yesterday.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 26% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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SharkNinja, Inc. (SN): Free Stock Analysis Report
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