Hayward Holdings, Inc. (NYSE:HAYW) just released its full-year report and things are looking bullish. Hayward Holdings beat earnings, with revenues hitting US$1.1b, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 10%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Hayward Holdings after the latest results.
See our latest analysis for Hayward Holdings
Taking into account the latest results, the most recent consensus for Hayward Holdings from ten analysts is for revenues of US$1.08b in 2025. If met, it would imply a credible 2.9% increase on its revenue over the past 12 months. Per-share earnings are expected to increase 7.7% to US$0.59. In the lead-up to this report, the analysts had been modelling revenues of US$1.08b and earnings per share (EPS) of US$0.59 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$16.56. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Hayward Holdings, with the most bullish analyst valuing it at US$18.00 and the most bearish at US$14.00 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.
Of course, another way to look at these forecasts is to place them into context against the industry itself. For example, we noticed that Hayward Holdings' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 2.9% growth to the end of 2025 on an annualised basis. That is well above its historical decline of 0.8% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 5.2% per year. Although Hayward Holdings' revenues are expected to improve, it seems that the analysts are still bearish on the business, forecasting it to grow slower than the broader industry.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Hayward Holdings going out to 2027, and you can see them free on our platform here..
And what about risks? Every company has them, and we've spotted 1 warning sign for Hayward Holdings you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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