Hayward Holdings Q2 Adj $0.19 Beats $0.17 Estimate, Sales $283.54M Beat $275.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hayward Holdings (NYSE:HAYW) reported Q2 earnings of $0.19 per share, beating the analyst consensus estimate of $0.17 by 11.76%. However, this is a 34.48% decrease from the same period last year. The company also reported quarterly sales of $283.54 million, beating the estimate of $275.93 million by 2.76%, but this is a 29.02% decrease from the same period last year.
August 04, 2023 | 10:56 am
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NEUTRAL IMPACT
Hayward Holdings beat Q2 earnings and sales estimates but reported significant decreases from the same period last year.
While Hayward Holdings beat the Q2 estimates, the significant year-on-year decreases in both earnings and sales could potentially offset the positive impact of beating the estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100