Pool equipment and automation systems manufacturer Hayward Holdings (NYSE:HAYW) will be announcing earnings results tomorrow before the bell. Here’s what you need to know.
Hayward beat analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $227.6 million, up 3.3% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ EPS 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 grow 9% year on year to $303.6 million, improving from the 7.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.24 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 three times over the last two years.
Looking at Hayward’s peers in the home construction materials segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Owens Corning delivered year-on-year revenue growth of 23.3%, beating analysts’ expectations by 2.7%, and Trex reported a revenue decline of 14.4%, topping estimates by 4.4%. Owens Corning traded down 4% following the results while Trex was up 1.1%.
Read our full analysis of Owens Corning’s results here and Trex’s results here.
Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The U.S. Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the home construction materials stocks have shown solid performance, the group has generally underperformed, with share prices down 5.7% on average over the last month. Hayward is down 4.2% during the same time and is heading into earnings with an average analyst price target of $16.21 (compared to the current share price of $14.36).
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