In the latest close session, SharkNinja, Inc. (SN) was up +2.24% at $111.19. The stock's performance was ahead of the S&P 500's daily gain of 0.28%. On the other hand, the Dow registered a gain of 0.43%, and the technology-centric Nasdaq increased by 0.09%.
The company's stock has climbed by 21.43% in the past month, exceeding the Retail-Wholesale sector's gain of 0.87% and the S&P 500's gain of 4.37%.
Analysts and investors alike will be keeping a close eye on the performance of SharkNinja, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.78, showcasing a 9.86% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.37 billion, indicating a 9.34% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.99 per share and a revenue of $6.24 billion, indicating changes of +14.19% and +12.78%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SharkNinja, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.04% lower within the past month. SharkNinja, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, SharkNinja, Inc. is presently being traded at a Forward P/E ratio of 21.79. This indicates a premium in contrast to its industry's Forward P/E of 14.37.
It is also worth noting that SN currently has a PEG ratio of 1.95. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Retail - Miscellaneous industry stood at 2.88 at the close of the market yesterday.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 158, finds itself in the bottom 37% 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.
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SharkNinja, Inc. (SN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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