Pool equipment and automation systems manufacturer Hayward Holdings (NYSE: HAYW) will be reporting results this Wednesday morning. Here’s what you need to know.
Hayward beat analysts’ revenue expectations last quarter, reporting revenues of $318.4 million, up 6.3% year on year. It was a very strong quarter for the company, with full-year EPS guidance beating analysts’ expectations and a solid 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 3.1% year on year, slowing from the 7.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 Q3 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 2.3%, beating analysts’ expectations by 2.2%, and Apogee reported revenues up 9.2%, topping estimates by 11.3%. Apogee traded up 15.3% following the results.
Read our full analysis of Simpson’s results here and Apogee’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the building products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. Hayward’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $16.50 (compared to the current share price of $12.60).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
