SharkNinja, Inc. (SN) ended the recent trading session at $186.32, demonstrating a -1.31% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.11% for the day. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 1.88%.
The company's stock has climbed by 12.99% in the past month, exceeding the Consumer Discretionary sector's loss of 1.66% and the S&P 500's gain of 2.06%.
The investment community will be paying close attention to the earnings performance of SharkNinja, Inc. in its upcoming release. On that day, SharkNinja, Inc. is projected to report earnings of $1.89 per share, which would represent year-over-year growth of 26%. Our most recent consensus estimate is calling for quarterly revenue of $1.86 billion, up 14.04% from the year-ago period.
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 recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 past month, the Zacks Consensus EPS estimate has remained steady. SharkNinja, Inc. presently features a Zacks Rank of #3 (Hold).
Investors should also note SharkNinja, Inc.'s current valuation metrics, including its Forward P/E ratio of 28.87. This valuation marks a premium compared to its industry average Forward P/E of 14.75.
Meanwhile, SN's PEG ratio is currently 2.01. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Consumer Products - Discretionary industry currently had an average PEG ratio of 1.85 as of yesterday's close.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 192, positioning it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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