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Hayward Holdings, Inc. (NYSE:HAYW) investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat forecasts, with revenue of US$229m, some 7.2% above estimates, and statutory earnings per share (EPS) coming in at US$0.06, 22% ahead of expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Following last week's earnings report, Hayward Holdings' nine analysts are forecasting 2025 revenues to be US$1.09b, approximately in line with the last 12 months. Statutory per share are forecast to be US$0.57, approximately in line with the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$1.08b and earnings per share (EPS) of US$0.58 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts.
See our latest analysis for Hayward Holdings
The consensus price target held steady at US$16.21, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Hayward Holdings analyst has a price target of US$19.00 per share, while the most pessimistic values it at US$13.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. One thing stands out from these estimates, which is that Hayward Holdings is forecast to grow faster in the future than it has in the past, with revenues expected to display 2.2% annualised growth until the end of 2025. If achieved, this would be a much better result than the 15% annual decline over the past three years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 5.4% annually for the foreseeable future. So although Hayward Holdings' revenue growth is expected to improve, it is still expected to grow slower than the industry.