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Compared to Estimates, SharkNinja, Inc. (SN) Q3 Earnings: A Look at Key Metrics
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SharkNinja, Inc. (SN - Free Report) reported $1.43 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 33.3%. EPS of $1.21 for the same period compares to $0.95 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.32 billion, representing a surprise of +8.04%. The company delivered an EPS surprise of +6.14%, with the consensus EPS estimate being $1.14.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how SharkNinja, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Cleaning Appliances: $527.45 million versus $491.17 million estimated by two analysts on average.
Net Sales- Other: $120.83 million versus $158.57 million estimated by two analysts on average.
Net Sales- Food Preparation Appliances: $366.83 million compared to the $287.85 million average estimate based on two analysts.
Net Sales- Cooking and Beverage Appliances: $411.45 million versus the two-analyst average estimate of $380.43 million.
Shares of SharkNinja, Inc. have returned +3.1% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, SharkNinja, Inc. (SN) Q3 Earnings: A Look at Key Metrics
SharkNinja, Inc. (SN - Free Report) reported $1.43 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 33.3%. EPS of $1.21 for the same period compares to $0.95 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.32 billion, representing a surprise of +8.04%. The company delivered an EPS surprise of +6.14%, with the consensus EPS estimate being $1.14.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how SharkNinja, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Cleaning Appliances: $527.45 million versus $491.17 million estimated by two analysts on average.
- Net Sales- Other: $120.83 million versus $158.57 million estimated by two analysts on average.
- Net Sales- Food Preparation Appliances: $366.83 million compared to the $287.85 million average estimate based on two analysts.
- Net Sales- Cooking and Beverage Appliances: $411.45 million versus the two-analyst average estimate of $380.43 million.
View all Key Company Metrics for SharkNinja, Inc. here>>>Shares of SharkNinja, Inc. have returned +3.1% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.