Recap: Latham Group Q4 Earnings
Portfolio Pulse from Benzinga Insights
Latham Group (NASDAQ:SWIM) reported Q4 earnings, beating estimated earnings by 100% with an EPS of $0.0 vs. an estimate of $-0.06. However, revenue was down $17.06 million from the same period last year. In the previous quarter, the company missed EPS estimates which led to a 10% drop in share price the following day.

March 12, 2024 | 8:20 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Latham Group reported a significant beat on Q4 earnings estimates but experienced a decrease in revenue compared to the same period last year.
While the earnings beat is positive, the decrease in revenue and the historical context of how past earnings misses have affected the stock price suggest a mixed short-term impact. The significant beat on earnings estimates could provide some upward momentum, but the decline in revenue and the memory of the last quarter's miss followed by a stock price drop could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100