Latham Group Q2 EPS $0.05 Misses $0.12 Estimate, Sales $177.13M Beat $173.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Latham Group (NASDAQ:SWIM) reported Q2 earnings of $0.05 per share, missing the analyst consensus estimate of $0.12 by 58.33%. However, the company's quarterly sales of $177.13 million beat the estimate of $173.63 million by 2.01%. Compared to the same period last year, earnings increased by 25% while sales decreased by 14.35%.
August 08, 2023 | 11:03 am
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NEGATIVE IMPACT
Latham Group's Q2 earnings missed estimates by a significant margin, which could negatively impact the stock price. However, the sales beat and YoY earnings increase might offset some of this negative impact.
Earnings reports are a major factor in a company's stock price. Latham Group's significant earnings miss could lead to a decrease in the stock price. However, the fact that sales beat estimates and earnings increased YoY could mitigate some of this negative impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100