Traeger (COOK) Meets Q2 Earnings Estimates

分组1 - Traeger reported quarterly earnings of $0.06 per share, matching the Zacks Consensus Estimate, and an increase from $0.04 per share a year ago [1] - The company posted revenues of $168.47 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 0.84%, but down from $171.51 million year-over-year [2] - Traeger has topped consensus revenue estimates four times over the last four quarters, while it has not surpassed consensus EPS estimates during the same period [2][1] 分组2 - Traeger shares have declined approximately 21.3% since the beginning of the year, contrasting with the S&P 500's gain of 8.7% [3] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market [6] - The current consensus EPS estimate for the upcoming quarter is -$0.07 on revenues of $112.8 million, and for the current fiscal year, it is $0.03 on revenues of $591.46 million [7] 分组3 - The Consumer Products - Discretionary industry, to which Traeger belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]