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

Karat Packaging

08/08/2023 03:01

* Karat Packaging Inc  KRT.OQ   KRT.O  is expected to show a
fall
in quarterly revenue when it reports  results on August 9. 
    * The Chino California-based  company is expected to report 
a
4.9% decrease in revenue to $109.198 million from $114.88
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on May
10 2023, for the period ended June 30, was for revenue of
$109.140 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 $19.80. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.26        0.31       0.46      Beat    49.8
 Dec. 31 2023  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.        0.27        0.27       0.36      Beat    31.7
 31 2022                                                
 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
 This summary was machine generated August 8 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated