Karat Packaging Inc reports results for the quarter ended in December - Earnings Summary

Karat Packaging

16/03/2023 21:56

* Karat Packaging Inc  KRT.OQ  reported quarterly adjusted
earnings of 30 cents​​ per share for the quarter ended in
December. The mean expectation of four analysts for the quarter
was for earnings of 33 cents per share.
    * Revenue rose 1.5% to $92.67 million from a year ago;
analysts
expected $96.12 million. 
    * Karat Packaging Inc's reported EPS for the quarter was 23
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Karat Packaging Inc shares had fallen by 1.4% this
quarter.
    * The company reported quarterly net income of $4.54
million.
    * Wall Street's median 12-month price target for Karat
Packaging
Inc is $24.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
March 16 at 09:56 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.33           0.30           Missed
 Sep. 30 2022      0.34           0.33           Missed
 Jun. 30 2022      0.37           0.34           Missed
 Mar. 31 2022      0.27           0.36           Beat