Core Insights - Wall Street analysts' recommendations significantly influence investor decisions regarding SharkNinja, Inc. (SN) stock, with an average brokerage recommendation (ABR) of 1.20 indicating a strong buy sentiment [2][3] Brokerage Recommendations - The current ABR of SharkNinja, Inc. is 1.20, based on recommendations from 10 brokerage firms, with 90% of these being Strong Buy [2] - Despite the strong buy recommendations, reliance solely on brokerage ratings may not be prudent, as studies indicate limited success in guiding investors towards stocks with the highest price increase potential [3][4] Analyst Bias and Limitations - Brokerage analysts often exhibit a positive bias due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell [4][8] - The ABR may not accurately reflect the true potential of a stock's price movement, suggesting that it should be used to complement independent research rather than as a standalone indicator [5][8] Zacks Rank as an Alternative - Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, which have shown a strong correlation with near-term stock price movements [6][9] - The Zacks Rank is updated more frequently than the ABR, making it a more timely indicator for predicting future stock prices [10] Earnings Estimates for SharkNinja, Inc. - The Zacks Consensus Estimate for SharkNinja, Inc. has increased by 0.3% over the past month to $4.24, reflecting analysts' growing optimism about the company's earnings prospects [11] - This increase in consensus estimates, along with other factors, has resulted in a Zacks Rank of 1 (Strong Buy) for SharkNinja, Inc., indicating a favorable investment outlook [12]

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Company Performance - SharkNinja, Inc. (SN) closed at $105.77, reflecting a -1.02% change from the previous session, underperforming the S&P 500's loss of 0.19% [1] - Over the past month, shares of SharkNinja have increased by 18.54%, significantly outperforming the Consumer Discretionary sector's gain of 2.68% and the S&P 500's gain of 2.06% [1] Upcoming Earnings - The company is expected to report an EPS of $1.12, representing a 17.89% increase from the prior-year quarter [2] - Revenue is forecasted to be $1.29 billion, indicating a growth of 20.94% compared to the same quarter last year [2] Full-Year Estimates - Zacks Consensus Estimates project earnings of $4.23 per share and revenue of $5.18 billion for the full year, reflecting year-over-year increases of +31.37% and +21.88%, respectively [3] Analyst Sentiment - Recent changes in analyst estimates suggest a favorable outlook on SharkNinja's business health and profitability [4] - The Zacks Rank system currently rates SharkNinja as 1 (Strong Buy), indicating a positive sentiment among analysts [6] Valuation Metrics - SharkNinja has a Forward P/E ratio of 25.29, which is a premium compared to the industry average of 13.59 [7] - The company holds a PEG ratio of 1.44, compared to the Furniture industry's average PEG ratio of 1.26 [7] Industry Context - The Furniture industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 148, placing it in the bottom 42% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Investors might want to bet on SharkNinja, Inc. (SN) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Indi ...

Shares of SharkNinja, Inc. (SN) have been strong performers lately, with the stock up 14.6% over the past month. The stock hit a new 52-week high of $104.5 in the previous session. SharkNinja, Inc. has gained 102.4% since the start of the year compared to the 0.4% move for the Zacks Consumer Discretionary sector and the 33% return for the Zacks Furniture industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estima ...

SharkNinja, Inc. (SN) has been riding high on its focus on continued product innovation, new category launches, and international expansion. Its shares skyrocketed 102.8% in the year-to-date (YTD) period, strongly outpacing the Zacks Furniture industry's 32.3% rally and the S&P 500 index's increase of 17.8%. SharkNinja, with a market cap of $14.45 billion, is a high-growth product design and technology company known for its household and lifestyle appliances under the Shark and Ninja brands across 33 subcat ...

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. SharkNinja, Inc. (SN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's yearto-date performance to find out. SharkNinja, Inc. is a member of the Consumer Discretionary sector. This group includes 277 individual stocks and currently holds a Zacks Sector ...

Group 1 - SharkNinja, Inc. has shown strong year-to-date performance, with a return of approximately 79.6%, significantly outperforming the average return of 0.3% for Consumer Discretionary companies [4] - The Zacks Consensus Estimate for SharkNinja's full-year earnings has increased by 11.6% over the past quarter, indicating improved analyst sentiment and a more positive earnings outlook [4] - SharkNinja, Inc. holds a Zacks Rank of 1 (Strong Buy), suggesting a favorable investment outlook based on earnings estimates and revisions [3] Group 2 - SharkNinja is part of the Furniture industry, which has an average year-to-date gain of 22.7%, indicating that SharkNinja is performing better than its industry peers [6] - Traeger, another Consumer Discretionary stock, has also outperformed the sector with a year-to-date increase of 37.7% and a Zacks Rank of 2 (Buy) [5] - The Consumer Products - Discretionary industry, to which Traeger belongs, has seen a year-to-date increase of 19.7%, ranking 84 in the Zacks Industry Rank [6]

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about SharkNinja, Inc. (SN) . SharkNinja, Inc. currently has an average brokerag ...