Hayward Holdings Inc (HAYW) said before open Tuesday that it earned $0.09 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $220.3 million, beating estimates by $9.8 million.
In the same quarter a year ago, the company earned $0.14 per share on revenue of $245.3 million.
The stock is down 8.00% to $10.58 after the report.
Hayward Holdings Inc's profit margins took a hit as earnings fell at a faster pace than revenues.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Hayward Holdings Inc a Bearish Sentiment Rank from InvestorsObserver.
Hayward Holdings Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 80, putting Hayward Holdings Inc in the top 25% of stocks. The firm was recently trading at a 52-week high of $15.22 on August 7, 2023 and set a 52-week low on November 3, 2022 at $8.64.
Hayward Holdings Inc is a global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems. The products are offered under various brands namely AquaVac, AquaRite, ColorLogic, Navigator, OmniLogic, OmniHub, TriStar, Super Pump, TurboCell, pHin and others.
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Hayward Holdings Inc Down 8.00% To $10.58 After Earnings Beat
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