Traeger Q1 2024 Adj EPS $0.04 Beats $0.03 Estimate, Sales $144.914M Beat $143.911M Estimate
Portfolio Pulse from Benzinga Newsdesk
Traeger (NYSE:COOK) reported Q1 2024 adjusted EPS of $0.04, surpassing the $0.03 estimate, with sales of $144.914M also beating the $143.911M estimate. However, this represents a 5.38% decrease in sales compared to the same period last year.
May 08, 2024 | 9:25 pm
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Traeger's Q1 2024 earnings and sales exceeded expectations, with an EPS of $0.04 against a $0.03 estimate and sales of $144.914M beating the $143.911M forecast. However, sales have decreased by 5.38% compared to the previous year.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price, as it indicates financial health and operational efficiency. However, the reported decrease in sales year-over-year could temper investor enthusiasm, suggesting a need to monitor long-term growth prospects. The net effect is likely positive in the short term due to the earnings beat, but investors should remain cautious about the sales decline.
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