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

• Sharkninja Inc SN.N reported quarterly adjusted earnings of 97 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 71 cents. The mean expectation of ten analysts for the quarter was for earnings of 79 cents per share. Wall Street expected results to range from 61 cents to $1.01 per share.

• Revenue rose 15.7% to $1.44 billion from a year ago; analysts expected $1.38 billion.

• Sharkninja Inc's reported EPS for the quarter was 98 cents​.

• The company reported quarterly net income of $139.6 million.

• Sharkninja Inc shares had risen by 15.3% this quarter and gained 17.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "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 $122.25, about 6.6% above its last closing price of $114.16

This summary was machine generated from LSEG data August 7 at 06:07 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)