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 Drops Despite Market Gains: Important Facts to Note
Read MoreHide Full Article
SharkNinja, Inc. (SN - Free Report) closed the most recent trading day at $148.92, moving -1.68% from the previous trading session. This change lagged the S&P 500's 0.72% gain on the day. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 1.12%.
Coming into today, shares of the company had gained 26.42% in the past month. In that same time, the Consumer Discretionary sector gained 2.31%, while the S&P 500 lost 0.9%.
The investment community will be paying close attention to the earnings performance of SharkNinja, Inc. in its upcoming release. The company is predicted to post an EPS of $1.09, indicating a 12.37% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.64 billion, reflecting a 13.45% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.12 per share and revenue of $7.19 billion, which would represent changes of +15.91% and +12.34%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SharkNinja, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. As of now, SharkNinja, Inc. holds a Zacks Rank of #3 (Hold).
Looking at valuation, SharkNinja, Inc. is presently trading at a Forward P/E ratio of 24.76. For comparison, its industry has an average Forward P/E of 15.98, which means SharkNinja, Inc. is trading at a premium to the group.
It's also important to note that SN currently trades at a PEG ratio of 1.91. 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. By the end of yesterday's trading, the Consumer Products - Discretionary industry had an average PEG ratio of 1.55.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
SharkNinja, Inc. (SN) Stock Drops Despite Market Gains: Important Facts to Note
SharkNinja, Inc. (SN - Free Report) closed the most recent trading day at $148.92, moving -1.68% from the previous trading session. This change lagged the S&P 500's 0.72% gain on the day. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 1.12%.
Coming into today, shares of the company had gained 26.42% in the past month. In that same time, the Consumer Discretionary sector gained 2.31%, while the S&P 500 lost 0.9%.
The investment community will be paying close attention to the earnings performance of SharkNinja, Inc. in its upcoming release. The company is predicted to post an EPS of $1.09, indicating a 12.37% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.64 billion, reflecting a 13.45% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.12 per share and revenue of $7.19 billion, which would represent changes of +15.91% and +12.34%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SharkNinja, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. As of now, SharkNinja, Inc. holds a Zacks Rank of #3 (Hold).
Looking at valuation, SharkNinja, Inc. is presently trading at a Forward P/E ratio of 24.76. For comparison, its industry has an average Forward P/E of 15.98, which means SharkNinja, Inc. is trading at a premium to the group.
It's also important to note that SN currently trades at a PEG ratio of 1.91. 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. By the end of yesterday's trading, the Consumer Products - Discretionary industry had an average PEG ratio of 1.55.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.