Why SharkNinja, Inc. (SN) Dipped More Than Broader Market Today

Core Viewpoint - SharkNinja, Inc. is experiencing fluctuations in stock performance and is set to report earnings that show significant growth compared to the previous year [1][3][10]. Company Performance - SharkNinja, Inc. closed at $97.25, reflecting a -1.31% change from the previous day, underperforming the S&P 500's loss of 1.11% [1]. - The stock has increased by 0.48% over the past month, which is lower than the Retail-Wholesale sector's gain of 1.42% and slightly above the S&P 500's gain of 0.4% [8]. Earnings Estimates - For the fiscal year, earnings are projected at $4.22 per share, with revenue expected to reach $5.34 billion, indicating increases of +31.06% and +25.62% respectively from the prior year [2]. - The upcoming earnings release is anticipated to show an EPS of $1.24, a 31.91% increase from the same quarter last year, with revenue expected at $1.6 billion, a 16.15% rise compared to the year-ago quarter [3]. Valuation Metrics - SharkNinja, Inc. has a Forward P/E ratio of 23.38, which is a premium compared to the industry average Forward P/E of 12.94 [5]. - The company has a PEG ratio of 1.5, while the industry average PEG ratio is 2.01 [11]. Industry Context - SharkNinja, Inc. operates within the Retail - Miscellaneous industry, which ranks in the bottom 29% of all industries according to the Zacks Industry Rank [6]. - The strength of the industry is measured by the Zacks Industry Rank, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [12].