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SharkNinja, Inc. (SN) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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Wall Street analysts expect SharkNinja, Inc. (SN - Free Report) to post quarterly earnings of $1.89 per share in its upcoming report, which indicates a year-over-year increase of 26%. Revenues are expected to be $1.86 billion, up 14.4% from the year-ago quarter.
The current level reflects an upward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision 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.
Bearing this in mind, let's now explore the average estimates of specific SharkNinja, Inc. metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Net Sales- Cleaning Appliances' stands at $645.11 million. The estimate indicates a change of +8.8% from the prior-year quarter.
The consensus among analysts is that 'Net Sales- Beauty and Home Environment Appliances' will reach $240.99 million. The estimate suggests a change of +27.3% year over year.
Based on the collective assessment of analysts, 'Net Sales- Food Preparation Appliances' should arrive at $470.31 million. The estimate indicates a change of +14.6% from the prior-year quarter.
Analysts' assessment points toward 'Net Sales- Cooking and Beverage Appliances' reaching $489.89 million. The estimate suggests a change of +12% year over year.
The collective assessment of analysts points to an estimated 'Geographic Revenue- International' of $648.86 million. The estimate suggests a change of +22.5% year over year.
SharkNinja, Inc. shares have witnessed a change of +16.3% in the past month, in contrast to the Zacks S&P 500 composite's +0.7% 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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SharkNinja, Inc. (SN) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Wall Street analysts expect SharkNinja, Inc. (SN - Free Report) to post quarterly earnings of $1.89 per share in its upcoming report, which indicates a year-over-year increase of 26%. Revenues are expected to be $1.86 billion, up 14.4% from the year-ago quarter.
The current level reflects an upward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision 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.
Bearing this in mind, let's now explore the average estimates of specific SharkNinja, Inc. metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Net Sales- Cleaning Appliances' stands at $645.11 million. The estimate indicates a change of +8.8% from the prior-year quarter.
The consensus among analysts is that 'Net Sales- Beauty and Home Environment Appliances' will reach $240.99 million. The estimate suggests a change of +27.3% year over year.
Based on the collective assessment of analysts, 'Net Sales- Food Preparation Appliances' should arrive at $470.31 million. The estimate indicates a change of +14.6% from the prior-year quarter.
Analysts' assessment points toward 'Net Sales- Cooking and Beverage Appliances' reaching $489.89 million. The estimate suggests a change of +12% year over year.
The collective assessment of analysts points to an estimated 'Geographic Revenue- International' of $648.86 million. The estimate suggests a change of +22.5% year over year.
View all Key Company Metrics for SharkNinja, Inc. here>>>SharkNinja, Inc. shares have witnessed a change of +16.3% in the past month, in contrast to the Zacks S&P 500 composite's +0.7% 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 >>>> .