In the latest close session, SharkNinja, Inc. (SN) was up +2.63% at $116.95. The stock's change was more than the S&P 500's daily gain of 0.48%. Meanwhile, the Dow experienced a rise of 0.27%, and the technology-dominated Nasdaq saw an increase of 0.94%.
The company's shares have seen a decrease of 4.72% over the last month, not keeping up with the Retail-Wholesale sector's gain of 3.02% and the S&P 500's gain of 2.46%.
Analysts and investors alike will be keeping a close eye on the performance of SharkNinja, Inc. in its upcoming earnings disclosure. The company is expected to report EPS of $1.32, up 9.09% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.62 billion, indicating a 13.64% growth compared to the corresponding quarter of the prior year.
SN's full-year Zacks Consensus Estimates are calling for earnings of $5.05 per share and revenue of $6.32 billion. These results would represent year-over-year changes of +15.56% and +14.35%, respectively.
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. 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, SharkNinja, Inc. possesses a Zacks Rank of #1 (Strong Buy).
Digging into valuation, SharkNinja, Inc. currently has a Forward P/E ratio of 22.56. This indicates a premium in contrast to its industry's Forward P/E of 17.79.
We can additionally observe that SN currently boasts a PEG ratio of 2.05. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Miscellaneous industry had an average PEG ratio of 2.56 as trading concluded yesterday.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 29, this industry ranks in the top 12% of all industries, numbering over 250.
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.
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SharkNinja, Inc. (SN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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