Latham Group's (NASDAQ:SWIM) Profits Appear To Have Quality Issues [Yahoo! Finance]
Latham Group, Inc. (SWIM)
Company Research
Source: Yahoo! Finance
View our latest analysis for Latham Group We can see that Latham Group received a tax benefit of US$15m. It's always a bit noteworthy when a company is paid by the tax man, rather than paying the tax man. The receipt of a tax benefit is obviously a good thing, on its own. And given that it lost money last year, it seems possible that the benefit is evidence that it now expects to find value in its past tax losses. However, the devil in the detail is that these kind of benefits only impact in the year they are booked, and are often one-off in nature. Assuming the tax benefit is not repeated every year, we could see its profitability drop noticeably, all else being equal. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. In its most recent report, Latham Group disclosed a tax benefit, as we discussed above. Given that sort
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SWIM
News
- Latham Launches AI-Powered Measuring Technology for Vinyl Pool LinersGlobeNewswire
- Latham Makes a Splash With New Plunge Pool CollectionGlobeNewswire
- Latham Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Latham Group, Inc. to Participate in the Baird 2024 Global Industrial ConferenceGlobeNewswire
- Latham Group, Inc. (NASDAQ: SWIM) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $3.00 to $5.00. They now have a "sell" rating on the stock.MarketBeat
SWIM
Earnings
- 11/5/24 - In-Line
SWIM
Sec Filings
- 11/20/24 - Form 8-K
- 11/14/24 - Form 4
- 11/13/24 - Form 4
- SWIM's page on the SEC website