Updates: SharkNinja, Paycom, Genpact, UPS.
Hubris in high gear on earnings calls, but so is evasion.
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▶Lots to get to, including updates on SharkNinja, Paycom, Genpact and UPS, but first…
1. SharkNinja – Slicing and Dicing
Quite a quarter for SharkNinja SN 0.00%↑, which not only beat expectations but raised them. Not a surprise…
The day before the company reported, an analyst who follows the company and sees “asymmetric upside” to SharkNinja’s wrote…
We believe a recent news anchor’s negative report is misguided and expect management to address on the earnings call.
News anchor? That’s quite a promotion, but to set the record straight: I’m not and never was a news anchor, but that’s okay… I’ve been called worse. However, misguided? That’s okay, too, because the bottom line of that report and almost all I write is to “interpret at will.” That goes for what I’m writing today!
As it turns out, management didn’t address anything in the report, which you can read here…
What they did say – no, make that stress – was how much better they believe SharkNinja is than any of its competitors. CEO Mark Barrocas couldn’t have been any more effusive and explicit when he said…
We’ve continued delivering disruptive innovation at breakneck speed, and we’ve done it all with best-in-class profitability and impressive execution. In short, SharkNinja has been exemplary.
He went on to call the company “a true outlier” that has “steadily and meaningfully taken market share across categories and geographies.”
Outliers vs. OUTLIERS
The thing is, there are outliers and there are outliers.