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

Traeger

07/08/2024 01:51

* Traeger Inc  COOK.N  reported quarterly adjusted earnings
of 6
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 4
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 4 cents per share. Wall Street expected
results to range from -3 cents to 8 cents per share.
    * Revenue fell 1.8% to $168.47 million from a year ago;
analysts
expected $168.03 million. 
    * Traeger Inc's reported EPS for the quarter was a loss of 2
cents​.
    * The company reported a quarterly loss of $2.58 million.
    * Traeger Inc shares had fallen by 10.4% this quarter and
lost 21.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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
$3.50 
This summary was machine generated from LSEG data August 7 at
12:50 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
 Jun. 30 2024      0.04           0.06           Beat
 Mar. 31 2024      0.03           0.04           Beat
 Dec. 31 2023      -0.05          -0.08          Missed
 Sep. 30 2023      -0.12          -0.12          Met