Hayward Holdings Q3 2023 Adj EPS $0.09 Beats $0.08 Estimate, Sales $220.30M Beat $210.50M Estimate
Portfolio Pulse from totan@benzinga.com
Hayward Holdings (NYSE:HAYW) reported Q3 2023 earnings of $0.09 per share, beating the analyst consensus estimate of $0.08 by 12.5%. However, this is a 35.71% decrease from the same period last year. The company also reported quarterly sales of $220.30 million, beating the estimate of $210.50 million by 4.66%, but this is a 10.18% decrease from the same period last year.
October 31, 2023 | 11:06 am
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Hayward Holdings beat Q3 2023 earnings and sales estimates but reported decreases from the same period last year.
While beating estimates is generally positive for a company's stock, the reported decreases from the same period last year could offset this positive impact. Investors may be concerned about the company's ability to maintain growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100