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

Latham

06/08/2024 23:26

* Latham Group Inc  SWIM.OQ  reported quarterly adjusted
earnings
of 15 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 10 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from zero cents to 5 cents per share.
    * Revenue fell 9.6% to $160.12 million from a year ago;
analysts
expected $158.25 million. 
    * Latham Group Inc's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of $13.28
million.
    * Latham Group Inc shares had risen by 6.8% this quarter and
gained 23.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 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 August 6 at
10:25 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
 Jun. 30 2024      0.03           0.15           Beat
 Mar. 31 2024      -0.08          -0.03          Beat
 Dec. 31 2023      -0.06          0.05           Beat
 Sep. 30 2023      0.12           0.11           Missed