SharkNinja (SN) Scheduled to Post Quarterly Earnings on Thursday

SharkNinja (NYSE:SN) is scheduled to release its earnings data before the market opens on Thursday, May 9th. Analysts expect SharkNinja to post earnings of 0.91 per share for the quarter. SharkNinja has set its FY24 guidance at $3.45-3.61 EPS.Parties that wish to register for the company’s conference call can do so using this link.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of 0.86 by 0.08. The company had revenue of 1.38 billion during the quarter, compared to the consensus estimate of 1.31 billion. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. On average, analysts expect SharkNinja to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SharkNinja Stock Up 1.4 %

SN opened at 66.93 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 0.52. SharkNinja has a 12 month low of 25.84 and a 12 month high of 67.27. The firm’s fifty day simple moving average is 60.67 and its 200 day simple moving average is 52.47.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. began coverage on SharkNinja in a research report on Thursday, April 4th. They set an “overweight” rating and a $70.00 price objective for the company. The Goldman Sachs Group upped their price target on SharkNinja from $59.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. UBS Group assumed coverage on shares of SharkNinja in a research report on Monday, April 15th. They issued a “buy” rating and a $76.00 price objective on the stock. Morgan Stanley began coverage on shares of SharkNinja in a research report on Tuesday, January 30th. They issued an “equal weight” rating and a $54.00 target price for the company. Finally, Canaccord Genuity Group boosted their price target on shares of SharkNinja from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of 67.14.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.