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 ...

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]