Latham Group Inc Expects a Loss of 9 Cents per Share and a 6% Decline in Quarterly Revenue in 2024

Summary

Latham Group Inc is expected to report a loss of 9 cents per share for the quarter ending December 31, 2024, with quarterly revenue decreasing by 6% to $85.37 million. Analysts have an average rating of ‘Hold’ with a 12-month median target price of $7.00, higher than the last closing price of $5.88. Over the past three months, earnings expectations have remained stable, with a recommendation breakdown of 4 ‘Strong Buy’ or ‘Buy’, 1 ‘Hold’, and 3 ‘Sell’ or ‘Strong Sell’.Reuters

Impact Analysis

The event is at the company level, as it pertains to Latham Group Inc’s financials. The projected earnings loss and revenue decline could negatively affect investor sentiment and the stock price. However, the analysts’ median target price of $7.00, which is above the last closing price of $5.88, suggests potential upside if the company meets or exceeds expectations. The stable earnings projections and mixed analyst recommendations indicate uncertainty in the company’s near-term outlook. Investors might consider the target price as a benchmark for potential gains, but should weigh this against the risk of continued earnings underperformance and the broader industry context, particularly in terms of competition and market conditions.Reuters