Company Performance - SharkNinja, Inc. is expected to report EPS of $0.57, reflecting a 21.28% increase from the prior-year quarter [1] - The revenue forecast for SharkNinja is $1.06 billion, indicating a 12% increase compared to the same quarter of the previous year [1] - For the full year, the projected earnings are $3.82 per share and revenue of $4.76 billion, representing changes of +18.63% and +11.82% from the prior year [4] Valuation Metrics - SharkNinja, Inc. has a Forward P/E ratio of 19.28, which is higher than the industry average Forward P/E of 12.54, suggesting that the company is trading at a premium [5] - The company also has a PEG ratio of 1.35, compared to the average PEG ratio for the Furniture industry, which is 1.16 [12] Market Performance - SharkNinja's shares have decreased by 7.92% over the last month, underperforming the Consumer Discretionary sector's gain of 0.89% and the S&P 500's gain of 3.82% [7] - At the latest market close, SharkNinja's stock price was $73.84, with a slight increase of +0.37% compared to the previous day, lagging behind the S&P 500's 0.64% gain [10] Analyst Ratings - SharkNinja, Inc. currently holds a Zacks Rank of 2 (Buy), indicating a positive outlook based on the Zacks Rank system [2] - Recent revisions to analyst forecasts for SharkNinja are important as they reflect evolving short-term business trends, with positive revisions signaling optimism about the company's outlook [11]

digitalgenetics/iStock via Getty Images What is SharkNinja? Example of Ninja's best selling products. (Company website) Sales per Segment, Total Net Sales (US$ mm) 1.600.0 1.378 1.400,0 1.183 1.200,0 1.071 .066 947 950 1.000,0 ક્રડ $10 778 800,0 580 600,0 503 503 449 437 422 411 415 414 382 343 339 330 400.0 260 257 232 212 204 205 161 163 153 143 200,0 138 128 118 110 71 57 & 8 25 22 12 0.0 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 Cleaning Appliances Cooking and Beverage Appliances Food Prepation Appli ...

Shark Ninja's Technical Perspective SharkNinja (SN) Daily Stock Chart with RSI (TradingView) The Risks for the Stock Increased competition from other companies could take market share away from SharkNinja. Consumers could find similar appliances, cleaning, and other products to be more attractive from competing companies. Other companies could make new innovative products that resonate more with consumers over SN's products. SharkNinja's rate of growth could be significantly less than expected. The company ...

Core Viewpoint - SharkNinja Inc has shown impressive financial performance, with a stock price increase of nearly 150% since its public debut, and has recently surpassed a market capitalization of $10 billion, indicating strong investor confidence and operational momentum [2][4]. Financial Performance - SharkNinja reported Q1 EPS of $1.06, exceeding estimates by $0.09 and up from $0.86 year-over-year. Revenue reached $1.1 billion, reflecting a 27% year-over-year increase on an adjusted basis [4]. - The company has updated its full-year guidance, now expecting adjusted net sales growth between 12% and 14%, up from a prior target of 8%. EPS guidance has also been revised to a range of $3.66 to $3.85, indicating a growth of 14% to 19% from 2023 [12]. Market Share and Product Performance - SharkNinja has successfully captured significant market share in key product categories, achieving 32% of U.S. robot vacuum sales, up from 20% in 2020, and controlling nearly 60% of food fryers in the U.K., more than tripling since 2020 [13]. - The company has seen strong demand across its core segments, with cleaning appliances growing by 5.9%, cooking and beverage appliances by 29%, and food preparation appliances by 77% [5]. Competitive Positioning - SharkNinja's growth has come at the expense of competitors like iRobot and Helen of Troy, which have reported weaker demand in similar categories [8]. - The brand's strength and innovative product offerings have created a "halo effect," encouraging customers to purchase additional SharkNinja products [8]. Future Outlook - Management expresses optimism about being in the early stages of a major growth cycle, supported by strong retail placements and consumer demand [9]. - The company is viewed as potentially undervalued, trading at 12.6x 2024 adjusted EBITDA guidance, especially when compared to recognized brands like Nike and Apple [9]. New Product Development - SharkNinja has successfully introduced new product categories, including outdoor grills and ice cream makers, which have been well received by consumers [6].

The latest trading session saw SharkNinja, Inc. (SN) ending at $71.42, denoting a +0.8% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 1.02%. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 1.18%. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SharkNinja, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflec ...

Market participants will be closely following the financial results of SharkNinja, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.57, marking a 21.28% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.06 billion, showing a 12% escalation compared to the year-ago quarter. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capital ...

Company Performance - SharkNinja, Inc. closed at $75.15, down 1.13% from the previous trading session, underperforming the S&P 500's loss of 0.41% [1] - Over the last month, the company's shares decreased by 0.39%, lagging behind the Consumer Discretionary sector's gain of 2.29% and the S&P 500's gain of 3.53% [1] Earnings Forecast - The upcoming earnings disclosure is expected to show an EPS of $0.57, reflecting a 21.28% increase from the same quarter last year [2] - Revenue is forecasted to be $1.06 billion, indicating a 12% growth compared to the corresponding quarter of the prior year [2] Annual Estimates - For the annual period, earnings are anticipated to be $3.82 per share, with revenue projected at $4.76 billion, representing increases of 18.63% and 11.82% respectively from the previous year [3] - Recent changes in analyst estimates are crucial as they often indicate shifts in near-term business trends, with positive revisions suggesting a favorable business outlook [3] Zacks Rank and Valuation - SharkNinja, Inc. currently holds a Zacks Rank of 1 (Strong Buy), with the Zacks Consensus EPS estimate remaining stable over the past month [5] - The company is trading at a Forward P/E ratio of 19.92, which is a premium compared to the industry average of 14.65 [6] - The PEG ratio for SharkNinja is 1.4, compared to the Furniture industry's average PEG ratio of 1.31 [6] Industry Context - The Furniture industry is part of the Consumer Discretionary sector, which has a Zacks Industry Rank of 94, placing it in the top 38% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

DUBAI, UAE, June 27, 2024 /PRNewswire/ -- Al Khayyat Investments (AKI) has been appointed as the exclusive distribution partner in the UAE for SharkNinja, Inc. (NYSE: SN) - a global product design and technology company – in a move that provides more consumers with access to the products that they love. SharkNinja products will now be available locally for the first time in the Middle East beginning in the UAE. "This is an incredibly exciting partnership for both SharkNinja and AKI. We have a proud legacy o ...

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? SharkNinja, Inc. currently has an average brokerage recommendation (ABR) of 1.22, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by nine brokerag ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on SharkNinja, Inc. (SN), and suggests that while the average brokerage recommendation (ABR) indicates a strong buy, investors should be cautious and validate this information with other tools like the Zacks Rank [1][4][7]. Group 1: Brokerage Recommendations - SharkNinja, Inc. has an average brokerage recommendation (ABR) of 1.22, which is between Strong Buy and Buy, based on recommendations from nine brokerage firms [2]. - Out of the nine recommendations, eight are Strong Buy, accounting for 88.9% of all recommendations [2]. - The vested interest of brokerage firms often leads to a positive bias in their analysts' ratings, with a ratio of five "Strong Buy" recommendations for every "Strong Sell" [5][6]. Group 2: Zacks Rank Comparison - The Zacks Rank is a proprietary stock rating tool that categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell) and is based on earnings estimate revisions, making it a more reliable indicator of near-term stock performance [7][10]. - The Zacks Rank is updated more frequently than the ABR, reflecting timely changes in earnings estimates, which are crucial for predicting future price movements [12]. - The Zacks Consensus Estimate for SharkNinja, Inc. has increased by 7.8% over the past month to $3.82, indicating growing optimism among analysts regarding the company's earnings prospects [13]. Group 3: Investment Implications - The recent change in the consensus estimate, along with other factors, has resulted in a Zacks Rank 1 (Strong Buy) for SharkNinja, Inc., suggesting a potential for stock price appreciation [14]. - The Buy-equivalent ABR for SharkNinja, Inc. may serve as a useful guide for investors, but it is recommended to use it in conjunction with the Zacks Rank for better investment decisions [14].