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

Traeger

03/08/2023 02:16

* 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 a loss of 2
cents per share.
    * Revenue fell 14.4% to $171.51 million from a year ago;
analysts
expected $154.89 million. 
    * Traeger Inc's reported EPS for the quarter was a loss
of 27
cents​.
    * The mean earnings estimate of analysts had fallen by
about 42.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Traeger Inc shares had risen by 4.2% this quarter and
gained 57.1% so far this year.
    * The company reported a quarterly loss of $32.94 million.
    * Wall Street's median 12-month price target for Traeger Inc
is
$3.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 01:15 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.02          0.04           Beat
 Mar. 31 2023      0.02           0.04           Beat
 Dec. 31 2022      -0.15          -0.07          Beat
 Sep. 30 2022      -0.20          -0.21          Missed