Fulcrum Therapeutics, Heritage Insurance, Latham Group, Seanergy Maritime and BrainsWay are included in this Analyst Blog.
Latham Group (SWIM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Latham Group (SWIM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Latham Group, Inc., a residential swimming pool company, saw a 41.5% surge in shares after strong Q2 financial results and increased guidance for 2024. Despite revenue declines, the company showed improvement in net income, operating cash flow, and EBITDA in the second quarter of 2024. Management's acquisition of Coverstar Central is expected to boost Latham Group's EBITDA margin and contribute positively to the company's growth.
Latham easily topped Wall Street expectations thanks to streamlining and production efficiencies. The maker of pools also acquired a safety cover distributor.
Latham Group, Inc. (SWIM) Q2 2024 Earnings Call Transcript
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Latham Group (SWIM) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.