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

Latham

08/05/2024 12:29

* Latham Group Inc  SWIM.OQ  reported a quarterly adjusted
loss
of 3 cents​​ per share for the quarter ended in March, 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 8 cents per share. Wall Street
expected results to range from -14 cents to -6 cents per share.
    * Revenue fell 19.7% to $110.63 million from a year ago;
analysts
expected $101.49 million. 
    * Latham Group Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * The company reported a quarterly loss of $7.86 million.
    * Latham Group Inc shares had fallen by 24.5% this
quarter and
gained 13.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 535.1% 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," 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 $3.40 
This summary was machine generated from LSEG data May 8 at 11:29
a.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
 Mar. 31 2024      -0.08          -0.03          Beat
 Dec. 31 2023      -0.06          0.05           Beat
 Sep. 30 2023      0.12           0.11           Missed
 Jun. 30 2023      0.10           0.10           Met