SharkNinja, Inc. (SN) Beats Q3 Earnings and Revenue Estimates

Earnings Performance - SharkNinja, Inc reported quarterly earnings of $1 21 per share, beating the Zacks Consensus Estimate of $1 14 per share, representing a 6 14% earnings surprise [1] - Compared to the year-ago quarter, earnings increased from $0 95 per share to $1 21 per share [1] - The company has surpassed consensus EPS estimates in each of the last four quarters [2] Revenue Growth - SharkNinja, Inc posted revenues of $1 43 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 8 04% [2] - Year-over-year revenue growth was significant, increasing from $1 07 billion to $1 43 billion [2] - The company has topped consensus revenue estimates in each of the last four quarters [2] Stock Performance - SharkNinja, Inc shares have gained 116 8% since the beginning of the year, significantly outperforming the S&P 500's gain of 21 9% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] Future Outlook - The current consensus EPS estimate for the coming quarter is $1 34 on $1 58 billion in revenues [7] - For the current fiscal year, the consensus EPS estimate is $4 24 on $5 22 billion in revenues [7] - The Zacks Rank for SharkNinja, Inc is currently 2 (Buy), indicating expected market outperformance in the near future [6] Industry Context - SharkNinja, Inc belongs to the Zacks Furniture industry, which is currently in the bottom 25% of Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8] Peer Comparison - Snail, Inc, another company in the Zacks Consumer Discretionary sector, is expected to report quarterly earnings of $0 07 per share, representing a year-over-year change of +158 3% [9] - Snail, Inc's revenues are expected to be $25 million, up 178 4% from the year-ago quarter [9]