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

Latham

08/08/2023 17:47

* Latham Group Inc  SWIM.OQ  reported quarterly adjusted
earnings
of 10 cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of 10 cents per share.
    * Revenue fell 14.3% to $177.13 million from a year ago;
analysts
expected $167.89 million. 
    * Latham Group Inc's reported EPS for the quarter was 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Latham Group Inc shares had risen by 2.7% this quarter and
gained 18.3% so far this year.
    * The company reported quarterly net income of $5.72
million.
    * Wall Street's median 12-month price target for Latham
Group Inc
is $4.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 04:46 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.10           0.10           Met
 Mar. 31 2023      -0.05          -0.05          Met
 Dec. 31 2022      -0.07          -0.05          Beat
 Sep. 30 2022      0.17           0.25           Beat