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

Karat Packaging

11/08/2022 23:33

* Karat Packaging Inc  KRT.OQ  reported quarterly adjusted
earnings of 34 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 37 cents per share.
    * Revenue rose 21.5% to $114.88 million from a year ago;
analysts
expected $117.51 million. 
    * Karat Packaging Inc's reported EPS for the quarter was 32
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.6%
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 risen by 8.7% this
quarter and
lost 8.2% so far this year.
    * The company reported quarterly net income of $6.34
million.
    * Wall Street's median 12-month price target for Karat
Packaging
Inc is $28.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 11
at 10:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.37           0.34           Missed
 Mar. 31 2022      0.27           0.36           Beat
 Dec. 31 2021      0.29           0.32           Beat
 Sep. 30 2021      0.35           0.19           Missed