SharkNinja earnings test looms as stock nears record highs

SharkNinja Inc. will report second-quarter earnings Wednesday, with investors watching whether the appliance maker can justify a rally that has pushed shares near their 52-week high. Analysts expect earnings of $1.20 per share, a 23.71% increase from last year. Wall Street is bullish, with all 12 analysts rating the stock a buy and a mean price target of $170.59, implying about 6% upside from current levels near $160. Shares have surged roughly 28% since May, raising the bar for execution and making investors sensitive to any underdelivery. Key focus areas include the company's AI program, new product launches, and margin performance. Gross profit margin is about 49%, with operating income growth exceeding 42%. SharkNinja beat expectations in the first quarter, posting EPS of $1.09 versus the $0.84 consensus estimate.