SharkNinja, Inc. (SN) Hits Fresh High: Is There Still Room to Run?

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]