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Compared to Estimates, Traeger (COOK) Q1 Earnings: A Look at Key Metrics
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Traeger (COOK - Free Report) reported $144.91 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.4%. EPS of $0.04 for the same period compares to $0.04 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $143.41 million, representing a surprise of +1.05%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.04.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Traeger performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales- Grills: $76.80 million versus $77.71 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -14.4% change.
Net sales- Consumables: $32.30 million compared to the $30.90 million average estimate based on three analysts. The reported number represents a change of +7.5% year over year.
Net sales- Accessories: $35.80 million versus $34.91 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.3% change.
Shares of Traeger have returned -7.3% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Traeger (COOK) Q1 Earnings: A Look at Key Metrics
Traeger (COOK - Free Report) reported $144.91 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.4%. EPS of $0.04 for the same period compares to $0.04 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $143.41 million, representing a surprise of +1.05%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.04.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Traeger performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales- Grills: $76.80 million versus $77.71 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -14.4% change.
- Net sales- Consumables: $32.30 million compared to the $30.90 million average estimate based on three analysts. The reported number represents a change of +7.5% year over year.
- Net sales- Accessories: $35.80 million versus $34.91 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.3% change.
View all Key Company Metrics for Traeger here>>>Shares of Traeger have returned -7.3% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.