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SharkNinja, Inc. (SN) Outperforms Broader Market: What You Need to Know
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In the latest close session, SharkNinja, Inc. (SN - Free Report) was up +1.11% at $184.72. This move outpaced the S&P 500's daily gain of 0.58%. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, added 0.45%.
The stock of company has risen by 5.37% in the past month, leading the Consumer Discretionary sector's loss of 5.62% and the S&P 500's gain of 0.84%.
Analysts and investors alike will be keeping a close eye on the performance of SharkNinja, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.89, signifying a 26.00% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.86 billion, up 14.04% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.54 per share and a revenue of $7.48 billion, indicating changes of +23.86% and +16.83%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SharkNinja, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. SharkNinja, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that SharkNinja, Inc. has a Forward P/E ratio of 27.93 right now. This represents a premium compared to its industry average Forward P/E of 14.3.
Also, we should mention that SN has a PEG ratio of 1.94. 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. As the market closed yesterday, the Consumer Products - Discretionary industry was having an average PEG ratio of 1.72.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 108, positioning it in the top 44% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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SharkNinja, Inc. (SN) Outperforms Broader Market: What You Need to Know
In the latest close session, SharkNinja, Inc. (SN - Free Report) was up +1.11% at $184.72. This move outpaced the S&P 500's daily gain of 0.58%. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, added 0.45%.
The stock of company has risen by 5.37% in the past month, leading the Consumer Discretionary sector's loss of 5.62% and the S&P 500's gain of 0.84%.
Analysts and investors alike will be keeping a close eye on the performance of SharkNinja, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.89, signifying a 26.00% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.86 billion, up 14.04% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.54 per share and a revenue of $7.48 billion, indicating changes of +23.86% and +16.83%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SharkNinja, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. SharkNinja, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that SharkNinja, Inc. has a Forward P/E ratio of 27.93 right now. This represents a premium compared to its industry average Forward P/E of 14.3.
Also, we should mention that SN has a PEG ratio of 1.94. 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. As the market closed yesterday, the Consumer Products - Discretionary industry was having an average PEG ratio of 1.72.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 108, positioning it in the top 44% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.