Analyst Estimates: Here’s What Brokers Think Of Traeger, Inc. (NYSE:COOK) After Its Third-Quarter Report

Traeger, Inc. (NYSE:COOK) just released its latest third-quarter report and things are not looking great. It was a pretty negative result overall, with revenues of US$75m missing analyst predictions by 5.9%. Worse, the business reported a statutory loss of US$10.33 per share, much larger than the analysts had forecast prior to the result. This is an important time for investors, as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We’ve gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Trump has pledged to “unleash” American oil and gas and these 15 US stocks have developments that are poised to benefit.

Following the latest results, Traeger’s seven analysts are now forecasting revenues of US$465.3m in 2027. This would be a credible 7.1% improvement in revenue compared to the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 31% to US$12.72. Before this latest report, the consensus had been expecting revenues of US$465.4m and US$12.72 per share in losses.

See our latest analysis for Traeger

As a result there was no major change to the consensus price target of US$62.33, implying that the business is trading roughly in line with expectations despite ongoing losses. That’s not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Traeger analyst has a price target of US$77.00 per share, while the most pessimistic values it at US$43.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

Of course, another way to look at these forecasts is to place them into context against the industry itself. One thing stands out from these estimates, which is that Traeger is forecast to grow faster in the future than it has in the past, with revenues expected to display 5.7% annualised growth until the end of 2027. If achieved, this would be a much better result than the 8.6% annual decline over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 6.1% per year. So it looks like Traeger is expected to grow at about the same rate as the wider industry.

The Bottom Line

The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn’t be too quick to come to a conclusion on Traeger. Long-term earnings power is much more important than next year’s profits. We have estimates – from multiple Traeger analysts – going out to 2028, and you can see them free on our platform here.

However, before you get too enthused, we’ve discovered 1 warning sign for Traeger that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.