We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SharkNinja, Inc. (SN) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
In the latest trading session, SharkNinja, Inc. (SN - Free Report) closed at $104.38, marking a -1.98% move from the previous day. This change lagged the S&P 500's 0.11% gain on the day. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
Shares of the company witnessed a loss of 7.29% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 6.69%, and the S&P 500's loss of 4.28%.
Market participants will be closely following the financial results of SharkNinja, Inc. in its upcoming release. 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.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.02 per share and a revenue of $7.11 billion, signifying shifts of +14.02% and +11.06%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SharkNinja, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SharkNinja, Inc. presently features a Zacks Rank of #3 (Hold).
Investors should also note SharkNinja, Inc.'s current valuation metrics, including its Forward P/E ratio of 17.68. This denotes a premium relative to the industry average Forward P/E of 15.16.
We can additionally observe that SN currently boasts a PEG ratio of 1.36. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SN's industry had an average PEG ratio of 1.01 as of yesterday's close.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 65, positioning it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
SharkNinja, Inc. (SN) Stock Sinks As Market Gains: Here's Why
In the latest trading session, SharkNinja, Inc. (SN - Free Report) closed at $104.38, marking a -1.98% move from the previous day. This change lagged the S&P 500's 0.11% gain on the day. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
Shares of the company witnessed a loss of 7.29% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 6.69%, and the S&P 500's loss of 4.28%.
Market participants will be closely following the financial results of SharkNinja, Inc. in its upcoming release. 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.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.02 per share and a revenue of $7.11 billion, signifying shifts of +14.02% and +11.06%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SharkNinja, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SharkNinja, Inc. presently features a Zacks Rank of #3 (Hold).
Investors should also note SharkNinja, Inc.'s current valuation metrics, including its Forward P/E ratio of 17.68. This denotes a premium relative to the industry average Forward P/E of 15.16.
We can additionally observe that SN currently boasts a PEG ratio of 1.36. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SN's industry had an average PEG ratio of 1.01 as of yesterday's close.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 65, positioning it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.