SharkNinja Third Quarter 2024 Earnings: Beats Expectations

SharkNinja (NYSE:SN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.43b (up 33% from 3Q 2023).
• Net income: US$132.3m (up by US$113.6m from 3Q 2023).
• Profit margin: 9.3% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.94 (up from US$0.14 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SharkNinja Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%.

Looking ahead, revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are down 16% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for SharkNinja that you should be aware of.

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