SharkNinja, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

As you might know, SharkNinja, Inc. (NYSE:SN) just kicked off its latest first-quarter results with some very strong numbers. The company beat forecasts, with revenue of US$1.2b, some 4.6% above estimates, and statutory earnings per share (EPS) coming in at US$0.83, 52% ahead of expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on SharkNinja after the latest results.

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Taking into account the latest results, the current consensus from SharkNinja's twelve analysts is for revenues of US$6.26b in 2025. This would reflect a meaningful 10% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to bounce 42% to US$4.49. Before this earnings report, the analysts had been forecasting revenues of US$6.24b and earnings per share (EPS) of US$3.95 in 2025. There was no real change to the revenue estimates, but the analysts do seem more bullish on earnings, given the solid gain to earnings per share expectations following these results.

View our latest analysis for SharkNinja

There's been no major changes to the consensus price target of US$123, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic SharkNinja analyst has a price target of US$175 per share, while the most pessimistic values it at US$101. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that SharkNinja's revenue growth is expected to slow, with the forecast 14% annualised growth rate until the end of 2025 being well below the historical 27% growth over the last year. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.1% annually. Even after the forecast slowdown in growth, it seems obvious that SharkNinja is also expected to grow faster than the wider industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards SharkNinja following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple SharkNinja analysts - going out to 2027, and you can see them free on our platform here.

It might also be worth considering whether SharkNinja's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.