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

Latham

09/05/2023 14:32

* Latham Group Inc  SWIM.OQ  reported a quarterly adjusted
loss
of 5 cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for a loss
of 6 cents per share.
    * Revenue fell 28.1% to $137.72 million from a year ago;
analysts
expected $123.19 million. 
    * Latham Group Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The mean earnings estimate of analysts had fallen by
about 318%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Latham Group Inc shares had fallen by 10.5% this
quarter and
lost 20.5% so far this year.
    * The company reported a quarterly loss of $14.37 million.
    * Wall Street's median 12-month price target for Latham
Group Inc
is $4.50 
    * 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 May
9 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.06          -0.05          Beat
 Dec. 31 2022      -0.07          -0.05          Beat
 Sep. 30 2022      0.17           0.25           Beat
 Jun. 30 2022      0.21           0.21           Met