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SharkNinja, Inc. (SN) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, SharkNinja, Inc. (SN - Free Report) closed at $102.11, marking a -2.08% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 1.67%. On the other hand, the Dow registered a loss of 1.73%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the company have depreciated by 17.81% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 6.43%, and the S&P 500's loss of 6.15%.
The upcoming earnings release of SharkNinja, Inc. will be of great interest to investors. On that day, SharkNinja, Inc. is projected to report earnings of $1 per share, which would represent year-over-year growth of 14.94%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.36 billion, indicating a 11.59% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.02 per share and revenue of $7.11 billion, indicating changes of +14.02% and +11.06%, respectively, compared to the previous year.
Any recent changes to analyst estimates for SharkNinja, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant. Currently, SharkNinja, Inc. is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, SharkNinja, Inc. is currently exchanging hands at a Forward P/E ratio of 17.31. This signifies a premium in comparison to the average Forward P/E of 15.42 for its industry.
Also, we should mention that SN has a PEG ratio of 1.33. 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 0.94.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 101, which puts it in the top 42% 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.
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) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, SharkNinja, Inc. (SN - Free Report) closed at $102.11, marking a -2.08% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 1.67%. On the other hand, the Dow registered a loss of 1.73%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the company have depreciated by 17.81% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 6.43%, and the S&P 500's loss of 6.15%.
The upcoming earnings release of SharkNinja, Inc. will be of great interest to investors. On that day, SharkNinja, Inc. is projected to report earnings of $1 per share, which would represent year-over-year growth of 14.94%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.36 billion, indicating a 11.59% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.02 per share and revenue of $7.11 billion, indicating changes of +14.02% and +11.06%, respectively, compared to the previous year.
Any recent changes to analyst estimates for SharkNinja, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant. Currently, SharkNinja, Inc. is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, SharkNinja, Inc. is currently exchanging hands at a Forward P/E ratio of 17.31. This signifies a premium in comparison to the average Forward P/E of 15.42 for its industry.
Also, we should mention that SN has a PEG ratio of 1.33. 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 0.94.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 101, which puts it in the top 42% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.