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 ...

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 sell- side) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about SharkNinja, Inc. (SN) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. SharkNinja, Inc. currently has an ...

SharkNinja, Inc. (SN) has been red-hot since being listed on the NYSE in August 2023. This Zacks Rank #1 (Strong Buy) is expected to grow sales and earnings by the double digits in 2024. SharkNinja is a global product design and technology company. It operates two brands, Shark and Ninja. It has a history of bringing small home appliances to the market. You know its products and probably use them. SharkNinja Has 4500+ patents and operates 5 innovation centers. Headquartered in Needham, Massachusetts, produc ...

SharkNinja, Inc. (SN) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate rev ...

Financial Data and Key Metrics - Adjusted net sales increased 28% to $1 1 billion in Q1 2024 [40] - Adjusted EBITDA grew 30% to $231 million with margins improving 30 basis points [40] - Adjusted gross profit increased 33% to $542 million with margins expanding 210 basis points [43] - Adjusted EPS grew 23% to $1 06 per share [45] - Inventory increased 47% YoY to $750 million driven by strong demand and supply chain mitigation efforts [77] Business Line Performance - Cleaning category sales grew 6% to $422 million driven by carpet extraction and robotic vacuums [41] - Food Preparation category sales surged 77% to $205 million led by CREAMi ice cream makers [42] - Cooking and Beverage category sales increased 29% to $330 million with strong outdoor cooking performance [21] - Other category sales jumped 66% to $110 million powered by haircare and FlexBreeze cooling system [22] Market Performance - North America sales grew 22% to $734 million representing 69% of total sales [20] - International sales increased 42% to $332 million with triple-digit growth in Germany France and LatAm [20] - UK sales grew 15% on top of 73% growth in Q1 2023 [16] - EMEA and LatAm markets showing strong momentum with expanded retail partnerships [35] Strategy and Competition - Three-pillar growth strategy focuses on new categories existing category share gains and international expansion [31][57][58] - Entered 18 new subcategories since 2021 expanding to 33 total subcategories [31] - Ninja FrostVault and Shark FlexBreeze launched in $2 billion addressable markets [33] - Air fryer category leadership maintained through continuous innovation [34] - Global addressable market estimated at $120 billion with less than 4% penetration [18] Management Commentary - Strong Q1 performance driven by balanced growth across all three pillars [54] - International business expected to outpace domestic growth in coming years [58] - Supply chain remains robust with improved visibility on shipping rates [36] - Tariff mitigation efforts on track to diversify production outside China by 2025 [37] - 2024 guidance raised with adjusted sales growth expected at 12-14% [79] Other Key Information - R&D expenses increased 19% to $70 million supporting new product development [23] - Sales and marketing expenses grew 41% to $215 million for brand building [44] - New CFO Patraic Reagan brings extensive global experience from Nike and other major brands [8][51] - Inventory build reflects strong demand supply chain mitigation and tariff preparations [77][78] Q&A Summary Randy Konik - Jefferies - Asked about additional category expansion opportunities beyond current success in beauty [69] - Management highlighted outdoor cooking and cooling as key growth areas with potential for new categories annually [70][71] Andrea Teixeira - JPMorgan - Inquired about inventory dynamics and guidance phasing [92] - Company explained Q1 inventory build was strategic to support demand and mitigate supply chain risks [93][95] Brooke Roach - Goldman Sachs - Questioned inventory growth outlook and promotional environment in North America [96] - Management noted industry challenges but emphasized SharkNinja's differentiated position through innovation and marketing [97][98] Steven Forbes - Guggenheim - Asked to unpack Q1 US segment outperformance [102] - Company attributed growth to strong base business new product impact retail expansion and inventory replenishment [125][126] Phillip Blee - William Blair - Inquired about international category expansion plans [128] - Management highlighted UK diversification and significant runway in less mature markets like Germany France and LatAm [129][130] Brian McNamara - Canaccord Genuity - Asked about IPO philosophy and expectations management [110] - Company emphasized consistent execution of long-term growth strategy [135] Rennie Pan - UBS - Questioned Cleaning category outlook and gross margin sustainability [136][154] - Management expressed confidence in category acceleration and discussed balancing innovation with value [113][155] Megan Alexander - Morgan Stanley - Sought clarification on restocking dynamics and weeks of supply [140] - Company explained US-specific inventory trends and guidance approach [141][142]

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? SharkNinja, Inc. (SN) , which belongs to the Zacks Furniture industry, could be a great candidate to consider.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 12.58%, on average, in the last two quarters.For the most recent quarter, SharkNinja, Inc. Was ...

Dimitrios Kambouris/Getty Images Entertainment Company Presentation Founded in 1994, SharkNinja, Inc. (NYSE:SN) is a global product design and technology company. The firm has one goal: to create 5-star innovative lifestyle products and solutions for consumers around the world. As its name suggests, SN is made of two different brands, namely: Shark & Ninja. SN portfolio is divided into 31 sub-categories. The Shark brand creates products related to hair care, floor care (vacuums, floor & carpet cleaners), ai ...

NEEDHAM, Mass.--(BUSINESS WIRE)--SharkNinja, Inc. (NYSE: SN), a global product design and technology company, today announced that certain selling shareholders affiliated with Xuning Wang (collectively, the “Selling Shareholders”) have commenced an underwritten public offering of 4,691,899 ordinary shares of SharkNinja pursuant to a registration statement on Form F-1 filed with the Securities and Exchange Commission (the “SEC”). Additionally, the Selling Shareholders intend to grant the underwriters a 30-da ...

For the fiscal year ended December 31, 2023 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR ...

Svetlana Evgrafova SharkNinja, Inc. (NYSE:SN) is a household appliance company that operates through its two brands, Shark and Ninja. The Shark brand encompasses home products (hair care products, vacuums, floor and carpet cleaners, air purifiers, and fans) and the Ninja brand encompasses the company's kitchen, food, and drink products. While these are relatively mature brands with many market-leading products, SharkNinja has a long runway for growth due to its focus on new product development and product i ...