Sharkninja Inc reports results for the quarter ended in September 30 - Earnings Summary

Sharkninja

01/11/2024 03:36

* Sharkninja Inc  SN.N  reported quarterly adjusted earnings
of
$1.21​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 95 cents.  The mean expectation of ten analysts for the
quarter was for earnings of $1.14 per share. Wall Street
expected results to range from $1.06  to $1.23 per share.
    * Revenue rose 33.2% to $1.43 billion from a year ago;
analysts
expected $1.32 billion. 
    * Sharkninja Inc's reported EPS for the quarter was 94
cents​.
    * The company reported quarterly net income of $132.33
million.
    * Sharkninja Inc shares had risen by 2.0% this quarter and
gained 116.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.2%
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 11 "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
$120.00 
This summary was machine generated from LSEG data November 1 at
03:35 a.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
 Sep. 30 2024      1.14           1.21           Beat
 Jun. 30 2024      0.62           0.71           Beat
 Mar. 31 2024      0.99           1.06           Beat
 Dec. 31 2023      0.86           0.94           Beat