Traeger Inc reports results for the quarter ended in September 30 - Earnings Summary

Traeger

07/11/2024 14:30

* Traeger Inc  COOK.N  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -12 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 6 cents per share. Wall Street
expected results to range from -10 cents to -4 cents per share.
    * Revenue rose 3.7% to $122.05 million from a year ago;
analysts
expected $118.77 million. 
    * Traeger Inc's reported EPS for the quarter was a loss
of 15
cents​.
    * The company reported a quarterly loss of $19.79 million.
    * Traeger Inc shares had fallen by 13.9% this quarter and
gained 16.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.3%
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
$3.75 
This summary was machine generated from LSEG data November 7 at
02:30 p.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
 Sep. 30 2024      -0.06          -0.06          Met
 Jun. 30 2024      0.04           0.06           Beat
 Mar. 31 2024      0.03           0.04           Beat
 Dec. 31 2023      -0.05          -0.08          Missed