In the latest close session, SharkNinja, Inc. (SN) was down 1.09% at $160.80. The stock fell short of the S&P 500, which registered a gain of 0.86% for the day. Meanwhile, the Dow experienced a rise of 0.98%, and the technology-dominated Nasdaq saw an increase of 0.96%.
Shares of the company witnessed a loss of 13.79% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 5.09%, and the S&P 500's loss of 1.96%.
Analysts and investors alike will be keeping a close eye on the performance of SharkNinja, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.89, showcasing a 26% upward movement from the corresponding quarter of the prior year. 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.
For the full year, the Zacks Consensus Estimates project earnings of $6.54 per share and a revenue of $7.48 billion, demonstrating changes of +23.86% and +16.83%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for SharkNinja, Inc. Recent revisions tend to reflect the latest 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. SharkNinja, Inc. presently features a Zacks Rank of #2 (Buy).
Looking at its valuation, SharkNinja, Inc. is holding a Forward P/E ratio of 24.86. This denotes a premium relative to the industry average Forward P/E of 13.85.
We can also see that SN currently has a PEG ratio of 1.73. 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. SN's industry had an average PEG ratio of 1.58 as of yesterday's close.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 100, finds itself in the top 41% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SN in the coming trading sessions, be sure to utilize Zacks.com.
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SharkNinja, Inc. (SN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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