Company Performance - SharkNinja, Inc. shares have increased by 27.8% over the past month, reaching a 52-week high of $92.11, and have gained 78% since the start of the year [1] - The company has consistently exceeded earnings expectations, reporting EPS of $0.71 against a consensus estimate of $0.59 in its last earnings report [2] Financial Projections - For the current fiscal year, SharkNinja, Inc. is projected to achieve earnings of $4.22 per share on revenues of $5.18 billion, reflecting a 31.06% increase in EPS and a 21.88% increase in revenues [3] - The next fiscal year is expected to see earnings of $4.81 per share on $5.68 billion in revenues, indicating year-over-year changes of 14.19% and 9.54%, respectively [3] Valuation Metrics - SharkNinja, Inc. has a Value Score of D, while its Growth and Momentum Scores are both B, resulting in a VGM Score of B [6] - The stock trades at 21.6X current fiscal year EPS estimates, which is above the peer industry average of 13.1X, and at 22.9X trailing cash flow compared to an average of 7.4X for its peers [7] Zacks Rank - SharkNinja, Inc. holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [8] - The company meets the criteria for potential investment, as it has a Zacks Rank of 1 or 2 and Style Scores of A or B [9] Industry Context - The Furniture industry, which includes SharkNinja, is positioned in the top 19% of all industries, suggesting favorable conditions for growth [12]

Core Viewpoint - SharkNinja, Inc. (SN) is experiencing solid improvement in earnings estimates, which may lead to continued short-term price momentum for the stock [1][2]. Estimate Revisions - The rising trend in estimate revisions reflects growing analyst optimism regarding SharkNinja's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, SharkNinja is projected to earn $1.12 per share, representing a +17.89% change from the previous year, with a 7.82% increase in consensus estimates over the last 30 days [4]. - For the full year, the earnings estimate stands at $4.14 per share, indicating a +28.57% change from the prior year, with a 10.46% increase in consensus estimates due to four upward revisions [5]. Zacks Rank - SharkNinja has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which historically correlate with significant outperformance compared to the S&P 500 [6]. - The Zacks Rank system has shown that stocks rated 1 have generated an average annual return of +25% since 2008, indicating strong potential for SharkNinja [3][6]. Stock Performance - The stock has increased by 21.8% over the past four weeks, driven by strong estimate revisions, suggesting further upside potential [7].

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? 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 averag ...

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 ...

SharkNinja, Inc. (SN) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20.34%. A quarter ago, it was expected that this company would post earnings of $0.95 per share when it actually produced earnings of $1.06, delivering a surprise of 11.58%. Over the last four quarters, the company ...

Markets have been shrugging off bad economic data for nearly two years, as the Federal Reserve held up the promise of cutting interest rates by the end of 2024. However, that promise started as a timeline set initially for March 2024 and had been postponed due to stubborn inflation data and a hotter-than-ideal job market. That disconnection seemed to end today. As the ISM manufacturing PMI index recorded its 21st consecutive month of contraction, the stock market experienced a two-day selloff. The following ...

The market expects SharkNinja, Inc. (SN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 8, 2024, might help the stock move higher if these key numbers ar ...

SharkNinja, Inc. (SN) closed at $76.85 in the latest trading session, marking a +0.03% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.08%. On the other hand, the Dow registered a gain of 0.75%, and the technology-centric Nasdaq increased by 2.64%. Shares of the company witnessed a gain of 2.14% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 0.08% and the S&P 500's loss of 0.44%. The upcoming earnings release ...

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. 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. Within t ...

Therefore, the Zacks rating upgrade for SharkNinja, Inc. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. For SharkNinja, Inc. rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher. The Zacks Rank stock-rating system, which uses four factors related to earni ...