Karat Packaging Inc expected to post earnings of 45 cents a share - Earnings Preview

Karat Packaging

08/05/2024 03:26

* Karat Packaging Inc  KRT.OQ   KRT.O  is expected to show a
rise
in quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Chino California-based  company is expected to report
a
4.2% increase in revenue to $99.818 million from $95.8 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.The company's guidance on March 14 2024, for the
period ended March 31, was for revenue between $97.72 million
and $100.59 million.
    * ​LSEG's mean analyst estimate for Karat Packaging Inc is
for
earnings of 45 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 $33.00​, above​ its last closing price of $28.63. ​​​

The company's guidance on March 14 2024 for the period ended
March 31 was for gross profit margin between USD37% and USD39%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023              0.41       0.24      Missed  -40.9
 Jan. 1 2023   0.42        0.44       0.47      Beat    7.6
 Jun. 30 2023  0.30        0.31       0.69      Beat    125​
 Mar. 31 2023  0.26        0.31       0.46      Beat    49.8
 ​​Dec.        0.30        0.33       0.30      Missed  -7.7
 31 2022                                                
 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
 This summary was machine generated May 8 at 02:26 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)