In the latest close session, SharkNinja, Inc. (SN) was up +1.1% at $115.26. The stock's change was more than the S&P 500's daily gain of 0.88%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 1.31%.
Heading into today, shares of the company had gained 33.96% over the past month, outpacing the Consumer Discretionary sector's gain of 1.52% and the S&P 500's gain of 2.48%.
Analysts and investors alike will be keeping a close eye on the performance of SharkNinja, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.78, reflecting a 27.14% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.07 billion, reflecting a 16.07% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.13 per share and revenue of $6.37 billion, indicating changes of +17.39% and +15.26%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for SharkNinja, Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.16% increase. At present, SharkNinja, Inc. boasts a Zacks Rank of #3 (Hold).
In terms of valuation, SharkNinja, Inc. is presently being traded at a Forward P/E ratio of 22.23. This represents a premium compared to its industry average Forward P/E of 13.17.
We can also see that SN currently has a PEG ratio of 1.97. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Consumer Products - Discretionary industry had an average PEG ratio of 1.06.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 168, finds itself in the bottom 32% echelons 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 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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