Traeger Inc reports results for the quarter ended in December - Earnings Summary

Traeger

08/03/2024 24:15

* Traeger Inc  COOK.N  reported a quarterly adjusted loss
of 8
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -7
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 5 cents per share. Wall Street expected results to
range from -10 cents to -1 cents per share.
    * Revenue rose 18.3% to $163.48 million from a year ago;
analysts
expected $153.89 million. 
    * Traeger Inc's reported EPS for the quarter was a loss
of 19
cents​.
    * The company reported a quarterly loss of $24.05 million.
    * Traeger Inc shares had fallen by 18.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the appliances,
tools &
housewares peer group is also "hold"

Wall Street's median 12-month price target for Traeger Inc is
$4.00 
This summary was machine generated from LSEG data March 8 at
12:15 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.05          -0.08          Missed
 Sep. 30 2023      -0.12          -0.12          Met
 Jun. 30 2023      -0.02          0.04           Beat
 Mar. 31 2023      0.02           0.04           Beat