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Ahead of Traeger (COOK) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts expect Traeger (COOK - Free Report) to post quarterly loss of -$2.70 per share in its upcoming report, which indicates a year-over-year decline of 208%. Revenues are expected to be $94.6 million, down 34% from the year-ago quarter.
The current level reflects an upward revision of 6.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Traeger metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Net sales- Grills' will reach $55.50 million. The estimate indicates a year-over-year change of -36%.
The collective assessment of analysts points to an estimated 'Net sales- Consumables' of $26.06 million. The estimate indicates a year-over-year change of -14%.
According to the collective judgment of analysts, 'Net sales- Accessories' should come in at $13.18 million. The estimate indicates a change of -49.9% from the prior-year quarter.
Over the past month, Traeger shares have recorded returns of +34.5% versus the Zacks S&P 500 composite's +11.4% change. Based on its Zacks Rank #3 (Hold), COOK will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Traeger (COOK) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts expect Traeger (COOK - Free Report) to post quarterly loss of -$2.70 per share in its upcoming report, which indicates a year-over-year decline of 208%. Revenues are expected to be $94.6 million, down 34% from the year-ago quarter.
The current level reflects an upward revision of 6.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Traeger metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Net sales- Grills' will reach $55.50 million. The estimate indicates a year-over-year change of -36%.
The collective assessment of analysts points to an estimated 'Net sales- Consumables' of $26.06 million. The estimate indicates a year-over-year change of -14%.
According to the collective judgment of analysts, 'Net sales- Accessories' should come in at $13.18 million. The estimate indicates a change of -49.9% from the prior-year quarter.
View all Key Company Metrics for Traeger here>>>Over the past month, Traeger shares have recorded returns of +34.5% versus the Zacks S&P 500 composite's +11.4% change. Based on its Zacks Rank #3 (Hold), COOK will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .