Recap: Traeger Q3 Earnings
Portfolio Pulse from Benzinga Insights
Traeger (NYSE:COOK) reported its Q3 earnings with an EPS of $-0.12, in line with estimates. Revenue was up $23.94 million from the same period last year. Last quarter, the company beat EPS estimates by $0.06, which led to a 41.99% increase in the share price the next day.
November 08, 2023 | 9:30 pm
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NEUTRAL IMPACT
Traeger's Q3 earnings were in line with estimates, and revenue increased YoY. Last quarter's EPS beat led to a significant share price increase.
Traeger's earnings were as expected, which is generally a neutral signal for the stock. However, the significant increase in share price following last quarter's earnings beat suggests that the market reacts strongly to Traeger's earnings reports. The YoY revenue increase could be seen as a positive signal, but it's unclear without more context whether this was expected or not.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100