Traeger Q2 2024 Adj. EPS $0.06 Beats $0.04 Estimate, Sales $168.471M Beat $168.033M Estimate
Portfolio Pulse from Benzinga Newsdesk
Traeger (NYSE:COOK) reported Q2 2024 adjusted EPS of $0.06, beating the analyst estimate of $0.04 by 50%. Sales were $168.471M, slightly above the $168.033M estimate, but down 1.77% from the same period last year.
August 06, 2024 | 8:28 pm
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Traeger (NYSE:COOK) reported Q2 2024 adjusted EPS of $0.06, beating the analyst estimate of $0.04 by 50%. Sales were $168.471M, slightly above the $168.033M estimate, but down 1.77% from the same period last year.
The significant EPS beat (50% above estimates) is a positive indicator for investors, likely leading to a short-term price increase. However, the slight sales beat and YoY decline in sales may temper the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100