Karat Packaging Inc expected to post earnings of 41 cents a share - Earnings Preview

Karat Packaging

12/03/2024 20:29

* Karat Packaging Inc  KRT.OQ   KRT.O  is expected to show a
rise
in quarterly revenue when it reports  results on March 14 for
the period ending December 31 2023
    * The Chino California-based  company is expected to report
a
3.0% increase in revenue to $95.483 million from $92.67 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on November 9 2023,
for the period ended December 31, was for revenue between $94.52
million and $97.30 million.
    * ​LSEG's mean analyst estimate for Karat Packaging Inc is
for
earnings of 41 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 $26.00​, below​ its last closing price of $29.38. ​​​

The company's guidance on November 9 2023 for the period ended
December 31 was for gross profit margin between USD36% and
USD38%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.42        0.44       0.45      Beat    3.1
 Jun. 30 2023  0.30        0.31       0.69      Beat    125
 Mar. 31 2023  0.26        0.31       0.46      Beat    49.8​
 Dec. 31 2022  0.30        0.33       0.30      Missed  -7.7
 ​​Sep.        0.34        0.34       0.33      Missed  -1.5
 30 2022                                                
 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. 31 2021              0.29       0.32      Beat    11.6
 This summary was machine generated March 12 at 20:29 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)