Residential swimming pool manufacturer Latham (NASDAQ:SWIM) will be reporting earnings tomorrow after market hours. Here’s what to expect.

Latham beat analysts’ revenue expectations by 2.2% last quarter, reporting revenues of $160.1 million, down 9.6% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ earnings and EBITDA estimates.

Is Latham a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Latham’s revenue to decline 5.4% year on year to $152.1 million, improving from the 15.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Latham has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Latham’s peers in the leisure products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Malibu Boats’s revenues decreased 32.9% year on year, beating analysts’ expectations by 2.6%, and Harley-Davidson reported a revenue decline of 25.7%, topping estimates by 17.9%. Malibu Boats traded up 4.3% following the results while Harley-Davidson was down 6.8%.

Read our full analysis of Malibu Boats’s results here and Harley-Davidson’s results here.

Investors in the leisure products segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. Latham’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $5.53 (compared to the current share price of $6.47).

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