Latham Group Q2 EPS $0.11 Beats $0.03 Estimate, Sales $160.12M Beat $159.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Latham Group (NASDAQ:SWIM) reported Q2 earnings per share (EPS) of $0.11, significantly beating the analyst estimate of $0.03. Sales were $160.12 million, slightly above the $159.51 million estimate. Despite the earnings beat, sales decreased by 9.60% compared to the same period last year.
August 06, 2024 | 8:55 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Latham Group (NASDAQ:SWIM) reported Q2 EPS of $0.11, beating the $0.03 estimate by 266.67%. Sales were $160.12M, slightly above the $159.51M estimate, but down 9.60% YoY.
The significant EPS beat is a positive indicator for the stock, likely leading to a short-term price increase. However, the YoY sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100