SharkNinja Raises FY2024 Adj EPS Guidance from $4.05-4.21 to $4.13-4.24 vs $4.25 Est; Raises Adjusted Net Sales to increase between 27% and 28% compared to the prior expectation of 22% to 24%.
Portfolio Pulse from Benzinga Newsdesk
SharkNinja has raised its FY2024 adjusted EPS guidance and sales outlook, indicating stronger than expected financial performance. The company now expects adjusted EPS between $4.13 and $4.24, and sales between $5.30 billion and $5.34 billion.
October 31, 2024 | 11:49 am
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SharkNinja has increased its FY2024 adjusted EPS guidance to $4.13-$4.24 and sales outlook to $5.30B-$5.34B, indicating stronger financial performance than previously expected.
The increase in both EPS guidance and sales outlook suggests that SharkNinja is performing better than anticipated, which is likely to positively impact its stock price in the short term. The revised figures are closer to or exceed analyst estimates, indicating strong business momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100