Stock Story -
What Happened:Shares of pool equipment and automation systems manufacturer Hayward Holdings (NYSE:HAYW) jumped 11.2% in the morning session after the company reported second-quarter earnings results. Hayward beat analysts' EPS expectations this quarter. Looking ahead, guidance was encouraging as its full-year EBITDA projection exceeded Wall Street's estimates. Zooming out, this was a decent quarter, showing the company is staying on target.
Is now the time to buy Hayward? Find out by reading the original article on StockStory, it's free.
What is the market telling us:Hayward's shares are somewhat volatile and over the last year have had 11 moves greater than 5%. But moves this big are very rare even for Hayward and that is indicating to us that this news had a significant impact on the market's perception of the business.
Hayward is up 10.9% since the beginning of the year, and at $14.67 per share it is trading close to its 52-week high of $15.51 from March 2024. Investors who bought $1,000 worth of Hayward's shares at the IPO in March 2021 would now be looking at an investment worth $863.48.
