SharkNinja, Inc. (SN) Suffers a Larger Drop Than the General Market: Key Insights

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]