Latham Group Inc reports results for the quarter ended December 31 - Earnings Summary

• Latham Group Inc SWIM.OQ reported a quarterly adjusted loss of 19 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of eight analysts for the quarter was for a loss of 9 cents per share. Wall Street expected results to range from -11 cents to -5 cents per share.

• Revenue fell 4% to $87.27 million from a year ago; analysts expected $85.37 million.

• Latham Group Inc's reported EPS for the quarter was a loss of 25 cents​.

• The company reported a quarterly loss of $29.17 million.

• Latham Group Inc shares had fallen by 20.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the recreational products peer group is also "hold"

Wall Street's median 12-month price target for Latham Group Inc is $7.00

This summary was machine generated from LSEG data March 5 at 03:14 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)