Pool equipment and automation systems manufacturer Hayward Holdings (NYSE:HAYW) will be reporting earnings tomorrow morning. Here’s what to expect.
Hayward beat analysts’ revenue expectations by 7.7% last quarter, reporting revenues of $327.1 million, up 17.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ organic revenue and EBITDA estimates.
Is Hayward a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Hayward’s revenue to be flat year on year at $213.7 million, in line with the 1.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hayward has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Hayward’s peers in the building products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 2%, and Masco reported a revenue decline of 6.5%, falling short of estimates by 2%. Simpson’s stock price was unchanged after the resultswhile Masco was down 1.7%.
Read our full analysis of Simpson’s results here and Masco’s results here.
Investors in the building products segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Hayward is down 3.1% during the same time and is heading into earnings with an average analyst price target of $16.07 (compared to the current share price of $13.25).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.