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SharkNinja, Inc. (SN) Rises As Market Takes a Dip: Key Facts
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SharkNinja, Inc. (SN - Free Report) ended the recent trading session at $181.99, demonstrating a +2.39% change from the preceding day's closing price. This change outpaced the S&P 500's 0.77% loss on the day. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq lost 0.92%.
Shares of the company have depreciated by 7.05% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 8.94%, and lagging the S&P 500's gain of 0.96%.
The investment community will be paying close attention to the earnings performance of SharkNinja, Inc. in its upcoming release. The company is expected to report EPS of $1.89, up 26% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.86 billion, indicating a 14.04% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.54 per share and revenue of $7.48 billion, indicating changes of +23.86% and +16.83%, respectively, compared to the previous 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. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 has remained steady. SharkNinja, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note SharkNinja, Inc.'s current valuation metrics, including its Forward P/E ratio of 27.18. This indicates a premium in contrast to its industry's Forward P/E of 13.99.
One should further note that SN currently holds a PEG ratio of 1.89. 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. Consumer Products - Discretionary stocks are, on average, holding a PEG ratio of 1.71 based on yesterday's closing prices.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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SharkNinja, Inc. (SN) Rises As Market Takes a Dip: Key Facts
SharkNinja, Inc. (SN - Free Report) ended the recent trading session at $181.99, demonstrating a +2.39% change from the preceding day's closing price. This change outpaced the S&P 500's 0.77% loss on the day. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq lost 0.92%.
Shares of the company have depreciated by 7.05% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 8.94%, and lagging the S&P 500's gain of 0.96%.
The investment community will be paying close attention to the earnings performance of SharkNinja, Inc. in its upcoming release. The company is expected to report EPS of $1.89, up 26% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.86 billion, indicating a 14.04% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.54 per share and revenue of $7.48 billion, indicating changes of +23.86% and +16.83%, respectively, compared to the previous 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. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 has remained steady. SharkNinja, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note SharkNinja, Inc.'s current valuation metrics, including its Forward P/E ratio of 27.18. This indicates a premium in contrast to its industry's Forward P/E of 13.99.
One should further note that SN currently holds a PEG ratio of 1.89. 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. Consumer Products - Discretionary stocks are, on average, holding a PEG ratio of 1.71 based on yesterday's closing prices.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.