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SharkNinja, Inc. (SN) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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SharkNinja, Inc. (SN - Free Report) ended the recent trading session at $107.64, demonstrating a -1.84% change from the preceding day's closing price. This change lagged the S&P 500's 0.29% loss on the day. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq decreased by 0.34%.
The stock of company has fallen by 7.5% in the past month, lagging the Retail-Wholesale sector's gain of 0.17% and the S&P 500's gain of 3.08%.
Investors will be eagerly watching for the performance of SharkNinja, Inc. in its upcoming earnings disclosure. On that day, SharkNinja, Inc. is projected to report earnings of $1.32 per share, which would represent year-over-year growth of 9.09%. Alongside, our most recent consensus estimate is anticipating revenue of $1.62 billion, indicating a 13.64% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.05 per share and a revenue of $6.32 billion, representing changes of +15.56% and +14.35%, respectively, from the prior year.
It is also important to note the recent changes 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 benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, the Zacks Consensus EPS estimate has remained steady. SharkNinja, Inc. is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that SharkNinja, Inc. has a Forward P/E ratio of 21.71 right now. This represents a premium compared to its industry average Forward P/E of 19.81.
Investors should also note that SN has a PEG ratio of 1.97 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Retail - Miscellaneous industry currently had an average PEG ratio of 2.59 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 23, putting it in the top 10% of all 250+ industries.
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.
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) Sees a More Significant Dip Than Broader Market: Some Facts to Know
SharkNinja, Inc. (SN - Free Report) ended the recent trading session at $107.64, demonstrating a -1.84% change from the preceding day's closing price. This change lagged the S&P 500's 0.29% loss on the day. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq decreased by 0.34%.
The stock of company has fallen by 7.5% in the past month, lagging the Retail-Wholesale sector's gain of 0.17% and the S&P 500's gain of 3.08%.
Investors will be eagerly watching for the performance of SharkNinja, Inc. in its upcoming earnings disclosure. On that day, SharkNinja, Inc. is projected to report earnings of $1.32 per share, which would represent year-over-year growth of 9.09%. Alongside, our most recent consensus estimate is anticipating revenue of $1.62 billion, indicating a 13.64% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.05 per share and a revenue of $6.32 billion, representing changes of +15.56% and +14.35%, respectively, from the prior year.
It is also important to note the recent changes 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 benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, the Zacks Consensus EPS estimate has remained steady. SharkNinja, Inc. is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that SharkNinja, Inc. has a Forward P/E ratio of 21.71 right now. This represents a premium compared to its industry average Forward P/E of 19.81.
Investors should also note that SN has a PEG ratio of 1.97 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Retail - Miscellaneous industry currently had an average PEG ratio of 2.59 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 23, putting it in the top 10% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.