Latham Eyes 9.7% Revenue Growth After Q4 Miss of $161.9M
Latham will report Q4 earnings tomorrow after market close following a quarter of $161.9 million in revenue (up 7.6% y/y) that beat operating income but missed EPS estimates. Analysts forecast 9.7% revenue growth this quarter while peers MasterCraft and Brunswick posted respective gains of 13.2% and 15.5% in Q4.
1. Upcoming Earnings Report
Latham is scheduled to report its fourth quarter financial results tomorrow after market close, providing investors with updated revenue and profitability figures following a mixed performance in the previous quarter.
2. Mixed Q3 Results
In Q3 Latham posted $161.9 million in revenue, up 7.6% year-over-year, beating adjusted operating income estimates but missing consensus EPS forecasts, extending its pattern of multiple revenue estimate misses over two years.
3. Expectations and Peer Comparisons
For Q4 analysts expect 9.7% revenue growth year-over-year, reversing last year's decline, while peers MasterCraft and Brunswick delivered revenue increases of 13.2% and 15.5% respectively, influencing sentiment as Latham heads into earnings.