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What Analyst Projections for Key Metrics Reveal About SharkNinja, Inc. (SN) Q2 Earnings
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Wall Street analysts expect SharkNinja, Inc. (SN - Free Report) to post quarterly earnings of $1.10 per share in its upcoming report, which indicates a year-over-year increase of 13.4%. Revenues are expected to be $1.64 billion, up 13.5% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific SharkNinja, Inc. metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Net Sales- Cleaning Appliances' at $551.26 million. The estimate indicates a year-over-year change of +9.9%.
The combined assessment of analysts suggests that 'Net Sales- Beauty and Home Environment Appliances' will likely reach $218.06 million. The estimate indicates a change of +26.1% from the prior-year quarter.
The consensus among analysts is that 'Net Sales- Food Preparation Appliances' will reach $445.56 million. The estimate indicates a change of +10.1% from the prior-year quarter.
The consensus estimate for 'Net Sales- Cooking and Beverage Appliances' stands at $406.41 million. The estimate indicates a change of +11.1% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenue- International' of $545.79 million. The estimate indicates a year-over-year change of +19.6%.
SharkNinja, Inc. shares have witnessed a change of +7.8% in the past month, in contrast to the Zacks S&P 500 composite's -0.5% move. With a Zacks Rank #2 (Buy), SN is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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What Analyst Projections for Key Metrics Reveal About SharkNinja, Inc. (SN) Q2 Earnings
Wall Street analysts expect SharkNinja, Inc. (SN - Free Report) to post quarterly earnings of $1.10 per share in its upcoming report, which indicates a year-over-year increase of 13.4%. Revenues are expected to be $1.64 billion, up 13.5% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific SharkNinja, Inc. metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Net Sales- Cleaning Appliances' at $551.26 million. The estimate indicates a year-over-year change of +9.9%.
The combined assessment of analysts suggests that 'Net Sales- Beauty and Home Environment Appliances' will likely reach $218.06 million. The estimate indicates a change of +26.1% from the prior-year quarter.
The consensus among analysts is that 'Net Sales- Food Preparation Appliances' will reach $445.56 million. The estimate indicates a change of +10.1% from the prior-year quarter.
The consensus estimate for 'Net Sales- Cooking and Beverage Appliances' stands at $406.41 million. The estimate indicates a change of +11.1% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenue- International' of $545.79 million. The estimate indicates a year-over-year change of +19.6%.
View all Key Company Metrics for SharkNinja, Inc. here>>>SharkNinja, Inc. shares have witnessed a change of +7.8% in the past month, in contrast to the Zacks S&P 500 composite's -0.5% move. With a Zacks Rank #2 (Buy), SN is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .