In the latest trading session, SharkNinja, Inc. (SN) closed at $120.49, marking a -1.99% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.65%. Meanwhile, the Dow gained 0.48%, and the Nasdaq, a tech-heavy index, added 0.82%.
Shares of the company witnessed a gain of 7.65% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 2.38%, and the S&P 500's gain of 1.15%.
Analysts and investors alike will be keeping a close eye on the performance of SharkNinja, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.78, indicating a 27.14% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.07 billion, up 16.07% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.13 per share and a revenue of $6.37 billion, representing changes of +17.39% and 0%, respectively, from the prior 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.68% higher. SharkNinja, Inc. is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, SharkNinja, Inc. is currently being traded at a Forward P/E ratio of 20.83. For comparison, its industry has an average Forward P/E of 14.46, which means SharkNinja, Inc. is trading at a premium to the group.
Investors should also note that SN has a PEG ratio of 1.84 right now. 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. As of the close of trade yesterday, the Consumer Products - Discretionary industry held an average PEG ratio of 0.63.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 205, finds itself in the bottom 17% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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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