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

• Traeger Inc COOK.N reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of eight analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 1 cents to 8 cents per share.

• Revenue fell 13.6% to $145.48 million from a year ago; analysts expected $166.50 million.

• Traeger Inc's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $7.38 million.

• Traeger Inc shares had fallen by 3.5% this quarter and lost 31.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.1% 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 2 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the appliances, tools & housewares peer group is "buy."

• Wall Street's median 12-month price target for Traeger Inc is $1.50, about 13.3% below its last closing price of $1.70

This summary was machine generated from LSEG data August 7 at 01:18 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)