Karat Packaging Inc expected to post earnings of 31  cents a share - Earnings Preview

Karat Packaging

09/05/2023 03:04

* Karat Packaging Inc  KRT.OQ   KRT.O  is expected to show a
fall
in quarterly revenue when it reports  results on May 10. 
    * The Chino California-based  company is expected to report 
a
9.9% decrease in revenue to $94.948 million from $105.41 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on March 16
2023, for the period ended March 31, was for revenue of $94.872
million.
    * ​Refinitiv's mean analyst estimate for Karat Packaging Inc
is
for earnings of 31 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "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 $24​, above​ its last closing price of $14.42. ​​​

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 2022  0.30        0.33       0.30      Missed  -7.7
 Sep. 30 2022  0.34        0.34       0.33      Missed  -1.5
 Jun. 30 2022  0.37        0.37       0.34      Missed  -8.1​
 Mar. 31 2022  0.27        0.27       0.36      Beat    31.7
 ​​Dec.                    0.29       0.32      Beat    11.6
 31 2021                                                
 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 9 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated