SharkNinja Expects FY23 Net Sales To Increase 9%-11% And Adjusted Sales To Increase Between 10%-12% Compared To The Prior Year, Forecasts Adjusted Eps Of $2.85-$3.02, Reflecting An Increase Of 20%-27% Y/Y
Portfolio Pulse from Benzinga Newsdesk
SharkNinja forecasts FY23 net sales to increase by 9%-11% and adjusted sales to increase by 10%-12% compared to the prior year. The company also expects adjusted EPS of $2.85-$3.02, reflecting an increase of 20%-27% Y/Y.
August 24, 2023 | 11:09 am
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POSITIVE IMPACT
SharkNinja's positive financial forecast for FY23 could potentially boost its stock price in the short term.
SharkNinja's forecast of increased net sales and adjusted EPS for FY23 indicates strong financial performance, which is likely to be viewed positively by investors and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100