Latham Group Q2 2024 GAAP EPS $0.11 Beats $0.02 Estimate, Sales $160.122M Beat $158.250M Estimate
Portfolio Pulse from Benzinga Newsdesk
Latham Group (NASDAQ:SWIM) reported Q2 2024 GAAP EPS of $0.11, significantly beating the analyst estimate of $0.02. Sales were $160.122 million, also surpassing the $158.250 million estimate, despite a 9.60% decrease from the same period last year.
August 06, 2024 | 8:57 pm
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Latham Group's Q2 2024 earnings per share of $0.11 beat the analyst estimate of $0.02 by 450%, and sales of $160.122 million exceeded the $158.250 million estimate. However, sales decreased by 9.60% compared to the same period last year.
The significant beat on both EPS and sales estimates is likely to positively impact the stock price in the short term. However, the year-over-year sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100