Latham Group Q4 Sales $90.867M Beat $87.207M Estimate
Portfolio Pulse from Benzinga Newsdesk
Latham Group (NASDAQ:SWIM) reported Q4 sales of $90.867M, surpassing the analyst consensus estimate of $87.207M by 4.20%. However, this represents a 15.80% decrease from the previous year's sales of $107.924M.
March 12, 2024 | 8:20 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Latham Group's Q4 sales exceeded expectations but showed a significant year-over-year decline.
While beating the sales estimate is positive, the significant year-over-year decline could raise concerns about growth sustainability. The mixed results may lead to neutral short-term stock price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100