FY2023 EPS Estimates for SharkNinja, Inc. (NYSE:SN) Lifted by William Blair

SharkNinja, Inc. (NYSE:SN) – Analysts at William Blair upped their FY2023 earnings estimates for shares of SharkNinja in a research note issued to investors on Monday, November 13th. William Blair analyst P. Blee now forecasts that the company will earn $3.12 per share for the year, up from their prior estimate of $2.97. William Blair has a “Outperform” rating on the stock. The consensus estimate for SharkNinja’s current full-year earnings is $3.14 per share. William Blair also issued estimates for SharkNinja’s Q4 2023 earnings at $0.84 EPS, FY2024 earnings at $3.30 EPS and FY2025 earnings at $3.60 EPS.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, November 9th. The company reported 0.95 EPS for the quarter, topping analysts’ consensus estimates of 0.81 by 0.14. The business had revenue of 1.07 billion for the quarter, compared to analyst estimates of 1 billion. The business’s revenue for the quarter was up 13.1% on a year-over-year basis.

Separately, The Goldman Sachs Group initiated coverage on shares of SharkNinja in a research note on Wednesday, October 25th. They issued a “buy” rating and a $52.00 target price for the company.

SharkNinja Stock Performance

SharkNinja stock opened at 44.00 on Wednesday. The business’s 50-day simple moving average is 43.49. SharkNinja has a one year low of 25.84 and a one year high of 52.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.65 and a quick ratio of 1.17.

Institutional Investors Weigh In On SharkNinja

Several hedge funds have recently bought and sold shares of SN. Royal London Asset Management Ltd. bought a new position in SharkNinja in the 3rd quarter valued at about $873,000. Sei Investments Co. bought a new position in SharkNinja in the 3rd quarter valued at about $657,000. Laurion Capital Management LP bought a new position in SharkNinja in the 3rd quarter valued at about $556,000. Armistice Capital LLC bought a new position in SharkNinja in the 3rd quarter valued at about $15,160,000. Finally, III Capital Management bought a new position in SharkNinja in the 3rd quarter valued at about $1,808,000.

SharkNinja Company Profile

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, as well as other floorcare products; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, cookware, cutlery, kettles, toasters, and bakeware products; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, home environment products, and garment care products.