Sharkninja Inc reports results for the quarter ended March 31 - Earnings Summary

• Sharkninja Inc SN.N reported quarterly adjusted earnings of 87 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.06. The mean expectation of nine analysts for the quarter was for earnings of 73 cents per share. Wall Street expected results to range from 69 cents to 84 cents per share.

• Revenue rose 14.7% to $1.22 billion from a year ago; analysts expected $1.17 billion.

• Sharkninja Inc's reported EPS for the quarter was 83 cents​.

• The company reported quarterly net income of $117.84 million.

• Sharkninja Inc shares had fallen by 2.7% this quarter and lost 16.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33% 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 $118.09

This summary was machine generated from LSEG data May 8 at 03:18 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)