Latham Group Inc reports results for the quarter ended in December - Earnings Summary

Latham

12/03/2024 21:36

* Latham Group Inc  SWIM.OQ  reported quarterly adjusted
earnings
of 5 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -5 cents.  The mean expectation of eight analysts for the
quarter was for a loss of 6 cents per share. Wall Street
expected results to range from -9 cents to -3 cents per share.
    * Revenue fell 15.8% to $90.87 million from a year ago;
analysts
expected $87.21 million. 
    * Latham Group Inc's reported EPS for the quarter was
breakeven
results​.
    * The company reported quarterly net income of $111
thousand.
    * Latham Group Inc shares had risen by 25.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the recreational
products peer group is also "buy"

Wall Street's median 12-month price target for Latham Group Inc
is $3.50 
This summary was machine generated from LSEG data March 12 at
09:36 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.06          0.05           Beat
 Sep. 30 2023      0.12           0.11           Missed
 Jun. 30 2023      0.10           0.10           Met
 Mar. 31 2023      -0.05          -0.05          Met