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SharkNinja, Inc. (SN) Stock Sinks As Market Gains: What You Should Know
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SharkNinja, Inc. (SN - Free Report) closed at $166.16 in the latest trading session, marking a -2.65% move from the prior day. This change lagged the S&P 500's daily gain of 1.14%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.69%.
Coming into today, shares of the company had lost 5.83% in the past month. In that same time, the Consumer Discretionary sector lost 6.17%, while the S&P 500 lost 2.85%.
Analysts and investors alike will be keeping a close eye on the performance of SharkNinja, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.89, reflecting a 26% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.86 billion, up 14.04% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.54 per share and a revenue of $7.48 billion, representing changes of +23.86% and +16.83%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for SharkNinja, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. SharkNinja, Inc. is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, SharkNinja, Inc. is presently trading at a Forward P/E ratio of 25.55. This denotes a premium relative to the industry average Forward P/E of 13.84.
We can also see that SN currently has a PEG ratio of 1.78. 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. The Consumer Products - Discretionary industry had an average PEG ratio of 1.62 as trading concluded yesterday.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 168, putting it in the bottom 32% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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SharkNinja, Inc. (SN) Stock Sinks As Market Gains: What You Should Know
SharkNinja, Inc. (SN - Free Report) closed at $166.16 in the latest trading session, marking a -2.65% move from the prior day. This change lagged the S&P 500's daily gain of 1.14%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.69%.
Coming into today, shares of the company had lost 5.83% in the past month. In that same time, the Consumer Discretionary sector lost 6.17%, while the S&P 500 lost 2.85%.
Analysts and investors alike will be keeping a close eye on the performance of SharkNinja, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.89, reflecting a 26% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.86 billion, up 14.04% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.54 per share and a revenue of $7.48 billion, representing changes of +23.86% and +16.83%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for SharkNinja, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. SharkNinja, Inc. is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, SharkNinja, Inc. is presently trading at a Forward P/E ratio of 25.55. This denotes a premium relative to the industry average Forward P/E of 13.84.
We can also see that SN currently has a PEG ratio of 1.78. 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. The Consumer Products - Discretionary industry had an average PEG ratio of 1.62 as trading concluded yesterday.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 168, putting it in the bottom 32% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.