Pool equipment and automation systems manufacturer Hayward Holdings (NYSE: HAYW) will be announcing earnings results this Wednesday before market hours. Here’s what to look for.
Hayward beat analysts’ revenue expectations last quarter, reporting revenues of $349.4 million, up 6.8% year on year. It was a strong quarter for the company, with a solid beat of analysts’ revenue estimates and an impressive beat of analysts’ EBITDA estimates.
Is Hayward a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Hayward’s revenue to grow 4.8% year on year, slowing from the 7.7% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hayward has a history of exceeding Wall Street’s expectations.
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 9.1%, beating analysts’ expectations by 6.4%, and Masco reported revenues up 6.5%, topping estimates by 4.6%. Masco traded up 12.9% following the results.
Read our full analysis of Simpson’s results here and Masco’s results here.
There has been positive sentiment among investors in the building products segment, with share prices up 15.1% on average over the last month. Hayward is up 20.1% during the same time and is heading into earnings with an average analyst price target of $17.36 (compared to the current share price of $15.75).
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