SharkNinja, Inc. (SN) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Company Performance - SharkNinja, Inc. (SN) closed at $110.62, reflecting a -0.77% change from the previous day, underperforming compared to the S&P 500's loss of 0.29% [1] - Over the last month, SharkNinja's shares increased by 13.13%, outperforming the Retail-Wholesale sector's gain of 3.53% and the S&P 500's gain of 2.52% [1] Earnings Expectations - The upcoming earnings report for SharkNinja is anticipated to show an EPS of$ 1.25, representing a 32.98% increase from the same quarter last year [2] - The Zacks Consensus Estimate projects net sales of $1.61 billion, which is a 16.64% increase from the previous year [2] Analyst Estimates - Recent changes in analyst estimates for SharkNinja are crucial as they reflect short-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [3] Zacks Rank and Performance - SharkNinja currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate having increased by 0.13% over the last 30 days [5] - The Zacks Rank system has a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [5] Valuation Metrics - SharkNinja is trading at a Forward P/E ratio of 23.12, which is a premium compared to the industry's average Forward P/E of 14.4 [6] - The company has a PEG ratio of 1.48, slightly above the Retail - Miscellaneous industry's average PEG ratio of 1.38 [6] Industry Context - The Retail - Miscellaneous industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 40, placing it in the top 16% 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]