In the latest trading session, SharkNinja, Inc. (SN) closed at $89.29, marking a +1.04% move from the previous day. This change lagged the S&P 500's 1.56% gain on the day. Elsewhere, the Dow saw an upswing of 1.29%, while the tech-heavy Nasdaq appreciated by 2.21%.
The company's stock has dropped by 22.44% in the past month, falling short of the Retail-Wholesale sector's loss of 5.02% and the S&P 500's gain of 0.41%.
The investment community will be closely monitoring the performance of SharkNinja, Inc. in its forthcoming earnings report. The company is expected to report EPS of $1.31, up 8.26% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.61 billion, up 13.16% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.05 per share and revenue of $6.31 billion, indicating changes of +15.56% and +14.22%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for SharkNinja, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.16% lower. At present, SharkNinja, Inc. boasts a Zacks Rank of #4 (Sell).
Investors should also note SharkNinja, Inc.'s current valuation metrics, including its Forward P/E ratio of 17.51. This signifies a premium in comparison to the average Forward P/E of 14.8 for its industry.
It is also worth noting that SN currently has a PEG ratio of 1.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Retail - Miscellaneous industry had an average PEG ratio of 2.4.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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