Karat Packaging Inc expected to post earnings of 60 cents a share - Earnings Preview

Karat Packaging

07/08/2024 03:58

* Karat Packaging Inc  KRT.OQ   KRT.O  is expected to show a
rise
in quarterly revenue when it reports  results on August 8 for
the period ending January 1 0001
    * The Chino California-based  company is expected to report
a
4.7% increase in revenue to $113.898 million from $108.74
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on May 9
2024, for the period ended June 30, was for revenue between
$113.09 million and $115.26 million.
    * ​LSEG's mean analyst estimate for Karat Packaging Inc is
for
earnings of 60 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 $34.00​, above​ its last closing price of $27.82. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for gross profit margin between USD38% and USD40%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.45        0.45       0.40      Missed  -11
 Dec. 31 0001              0.41       0.24      Missed  -40.9
 Jan. 1 0001   0.42        0.44       0.47      Beat    7.6​
 Jan. 1 0001   0.30        0.31       0.69      Beat    125
 ​​Mar.        0.26        0.31       0.46      Beat    49.8
 31 2023                                                
 Jan. 1 0001   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
 This summary was machine generated August 7 at 02:58 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)