Compared to Estimates, SharkNinja, Inc. (SN) Q3 Earnings: A Look at Key Metrics

SharkNinja, Inc. (SN) reported $1.43 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 33.3%. EPS of $1.21 for the same period compares to $0.95 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.32 billion, representing a surprise of +8.04%. The company delivered an EPS surprise of +6.14%, with the consensus EPS estimate being $1.14.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how SharkNinja, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales- Cleaning Appliances: $527.45 million versus $491.17 million estimated by two analysts on average. Net Sales- Other: $120.83 million versus $158.57 million estimated by two analysts on average. Net Sales- Food Preparation Appliances: $366.83 million compared to the $287.85 million average estimate based on two analysts. Net Sales- Cooking and Beverage Appliances: $411.45 million versus the two-analyst average estimate of $380.43 million. View all Key Company Metrics for SharkNinja, Inc. here>>>Shares of SharkNinja, Inc. have returned +3.1% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SharkNinja, Inc. (SN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks