SharkNinja SN Earnings Preview: What to Expect on October 31st
Get ready for a potentially exciting earnings announcement as SharkNinja SN prepares to unveil its quarterly financial results on Thursday, October 31st, 2024. Investors are eagerly anticipating the news, with hopes high for a strong performance that could propel the stock price upwards.
Analysts’ Expectations and Past Performance
Analysts are projecting an earnings per share (EPS) of $1.12 for the quarter. This comes after SharkNinja exceeded EPS estimates by $0.10 in the previous quarter, leading to a 2.67% increase in the share price the following day. A positive earnings surprise and upbeat guidance for the next quarter could be the catalysts needed to drive further growth.
Looking back at SharkNinja’s past performance, we can gain valuable insights:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | 0.61 | 0.71 | 3.0% |
| Q1 2024 | 0.97 | 1.06 | 1.0% |
| Q4 2023 | 0.86 | 0.94 | 2.0% |
| Q3 2023 | 0.81 | 0.95 | -2.0% |
Analyst Sentiment and Peer Comparisons
Understanding market sentiment and expectations within the industry is crucial for investors. Nine analysts have rated SharkNinja, with a consensus rating of “Buy.” The average one-year price target is set at $119.78, suggesting a potential 8.41% upside.
To gauge SharkNinja’s relative performance, let’s compare its analyst ratings and average 1-year price targets with those of its peers: Whirlpool, Worthington Enterprises, and Helen Of Troy.
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Whirlpool:
Analysts currently favor an “Underperform” trajectory with a one-year price target of $95.33, implying a potential 13.72% downside.*
Worthington Enterprises:
The prevailing sentiment among analysts is “Neutral” with a one-year price target of $46.0, suggesting a potential 58.37% downside.*
Helen Of Troy:
Analysts’ assessments favor an “Buy” trajectory, with a one-year price target of $82.33, suggesting a potential 25.49% downside.Key Findings from Peer Analysis
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| SharkNinja | Buy | 31.39% | $600.90M | 4.23% |
| Whirlpool | Underperform | -18.94% | $643M | 3.55% |
| Worthington Enterprises | Neutral | -17.51% | $62.49M | 2.71% |
| Helen Of Troy | Buy | -3.53% | $216.07M | 1.09% |
SharkNinja leads its peers in revenue growth and gross profit margin, highlighting its strong financial position. However, its return on equity trails behind its competitors.
A Deeper Dive into SharkNinja’s Financials
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Market Capitalization:
SharkNinja’s market capitalization surpasses the industry average, indicating a larger size and potentially higher investor confidence.*
Revenue Growth:
As of June 30th, 2024, SharkNinja achieved a revenue growth rate of approximately 31.39%, exceeding the average growth rate among its peers in the Consumer Discretionary sector.*
Net Margin:
SharkNinja’s net margin of 5.45% outperforms industry averages, showcasing strong profitability and effective cost management.*
Return on Equity (ROE):
SharkNinja’s ROE of 4.23% surpasses industry averages, demonstrating effective use of equity capital and strong financial performance.*
Return on Assets (ROA):
The company’s ROA of 1.87% exceeds industry averages, indicating effective utilization of assets.*
Debt Management:
SharkNinja’s debt-to-equity ratio of 0.65 is below the industry average, indicating a preference for equity financing and a healthier financial balance.SharkNinja: A Leading Innovator in Lifestyle Solutions
SharkNinja Inc. is a renowned product design and technology company known for its innovative and high-quality lifestyle solutions. The company’s diverse product portfolio includes cleaning, cooking, food preparation, home environment, and beauty products. From vacuum cleaners and cooking pots to fryers and hair dryers, SharkNinja aims to simplify and enhance everyday life for consumers worldwide.
The SharkNinja Group is actively engaged in the design, production, marketing, and distribution of its Shark and Ninja brands of small household appliances in North America, Europe, and other key international markets. The company’s primary revenue source is the U.S. market.
Key Takeaways
SharkNinja’s upcoming earnings report on October 31st is poised to be a significant event for investors. Analysts anticipate a strong performance, fueled by the company’s consistent track record of exceeding expectations, favorable analyst sentiment, and a robust financial position. SharkNinja’s impressive revenue growth, net margin, and return on equity, combined with its innovative product line and strong market presence, make it a compelling investment opportunity.
To stay updated on SharkNinja’s earnings releases and other financial news, visit their earnings calendar on our site.
