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

Traeger

10/08/2022 22:03

* Traeger Inc  COOK.N  reported quarterly adjusted earnings
of 4
cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for earnings of
5 cents per share.
    * Revenue fell 6% to $200.27 million from a year ago;
analysts
expected $219.48 million. 
    * Traeger Inc's reported EPS for the quarter was a loss of
$1.12​.
    * The mean earnings estimate of analysts had fallen by
about 27.6%
in the last three months.​ 
    * In the last 30 days four analysts negatively revised
earnings
estimates 
    * Traeger Inc shares had fallen by 16.5% this quarter and
lost 70.8% so far this year.
    * The company reported a quarterly loss of $132.28 million.
    * Wall Street's median 12-month price target for Traeger Inc
is
$5.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 10
at 09:03 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.05           0.04           Missed
 Mar. 31 2022      0.09           0.17           Beat
 Dec. 31 2021      -0.05          0.03           Beat
 Sep. 30 2021      -0.08          -0.06          Beat