Latham Group Inc expected to post a loss of 8 cents a share - Earnings Preview
04/05/2024 03:07
* Latham Group Inc SWIM.OQ SWIM.O is expected to show a
fall
in quarterly revenue when it reports results on May 7 for the
period ending March 31 2024
* The Latham New York-based company is expected to report a
26.3% decrease in revenue to $101.494 million from $137.72
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on March 12
2024, for the period ended March 31, was for revenue between
$98.00 million and $104.00 million.
* LSEG's mean analyst estimate for Latham Group Inc is for
a loss
of 8 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and 2 "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Latham
Group Inc
is $3.30, above its last closing price of $2.81.
The company's guidance on March 12 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD98 million and USD8 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 -0.09 -0.06 0.05 Beat 177.8
Sep. 30 2023 0.12 0.12 0.11 Missed -8.3
Jun. 30 2023 0.09 0.10 0.10 Met -3.2
Jan. 1 0001 -0.05 -0.05 -0.05 Met 3.8
Dec. -0.07 -0.07 -0.05 Beat 32.4
31 2022
Jan. 1 0001 0.16 0.17 0.25 Beat 48.3
Jun. 30 2022 0.23 0.21 0.21 Met 0.6
Mar. 31 2022 0.14 0.13 0.28 Beat 117.5
This summary was machine generated May 4 at 02:07 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)