Sharkninja Inc reports results for the quarter ended in January - Earnings Summary

Sharkninja

09/05/2024 19:42

* Sharkninja Inc  SN.N  reported quarterly adjusted earnings
of
$1.06​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of
$2.38.  The mean expectation of eight analysts for the quarter
was for earnings of 99 cents per share. Wall Street expected
results to range from 90 cents to $1.14 per share.
    * Revenue rose 24.7% to $1.07 billion from a year ago;
analysts
expected $949.88 million. 
    * Sharkninja Inc's reported EPS for the quarter was 78
cents​.
    * The company reported quarterly net income of $109.61
million.
    * Sharkninja Inc shares had risen by 7.6% this quarter and
gained 31.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the appliances,
tools &
housewares peer group is also "buy"

Wall Street's median 12-month price target for Sharkninja Inc is
$74.00 
This summary was machine generated from LSEG data May 9 at 06:42
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.99           1.06           Beat
 Dec. 31 2023      0.86           0.94           Beat
 Sep. 30 2023      0.81           0.95           Beat
                                  0.47