Karat Packaging Inc expected to post earnings of 27  cents a share - Earnings Preview

Karat Packaging

10/05/2022 23:15

* Karat Packaging Inc  KRT.OQ   KRT.O  is expected to show a
rise
in quarterly revenue when it reports  results on May 12. 
    * The Chino California-based  company is expected to report 
a
34.0% increase in revenue to $101.432 million from $75.67
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Karat Packaging Inc
is
for earnings of 27 cents per share. For the same quarter last
year, the company reported earnings of 13 cents per share.
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Karat
Packaging
Inc is $30​, above​ its last closing price of $17.76. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021              0.29       0.32      Beat    11.6
 Sep. 30 2021  0.34        0.35       0.19      Missed  -44.9
 Jun. 30 2021  0.33        0.33       0.53      Beat    59.3​
 Mar. 31 2021  0.12        0.12       0.13      Beat    12.1
 ​​                                                     
                                                        ​
 This summary was machine generated May 10 at 22:14 GMT.  All
figures in US dollars  unless otherwise stated