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SharkNinja, Inc. (SN) Stock Sinks As Market Gains: Here's Why
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In the latest trading session, SharkNinja, Inc. (SN - Free Report) closed at $133.80, marking a -1.32% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.5%. Elsewhere, the Dow saw an upswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.31%.
The company's stock has climbed by 27.08% in the past month, exceeding the Consumer Discretionary sector's gain of 1.82% and the S&P 500's loss of 0.23%.
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 $1.1 per share, which would represent year-over-year growth of 13.4%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.64 billion, up 13.66% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.12 per share and a revenue of $7.19 billion, representing changes of +15.91% and +12.35%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for SharkNinja, Inc. 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.09% upward. Right now, SharkNinja, Inc. possesses a Zacks Rank of #3 (Hold).
Investors should also note SharkNinja, Inc.'s current valuation metrics, including its Forward P/E ratio of 22.16. This expresses a premium compared to the average Forward P/E of 14.73 of its industry.
One should further note that SN currently holds a PEG ratio of 1.71. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Consumer Products - Discretionary industry held an average PEG ratio of 1.22.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 94, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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SharkNinja, Inc. (SN) Stock Sinks As Market Gains: Here's Why
In the latest trading session, SharkNinja, Inc. (SN - Free Report) closed at $133.80, marking a -1.32% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.5%. Elsewhere, the Dow saw an upswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.31%.
The company's stock has climbed by 27.08% in the past month, exceeding the Consumer Discretionary sector's gain of 1.82% and the S&P 500's loss of 0.23%.
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 $1.1 per share, which would represent year-over-year growth of 13.4%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.64 billion, up 13.66% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.12 per share and a revenue of $7.19 billion, representing changes of +15.91% and +12.35%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for SharkNinja, Inc. 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.09% upward. Right now, SharkNinja, Inc. possesses a Zacks Rank of #3 (Hold).
Investors should also note SharkNinja, Inc.'s current valuation metrics, including its Forward P/E ratio of 22.16. This expresses a premium compared to the average Forward P/E of 14.73 of its industry.
One should further note that SN currently holds a PEG ratio of 1.71. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Consumer Products - Discretionary industry held an average PEG ratio of 1.22.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 94, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.