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

Karat Packaging

10/05/2023 22:58

* Karat Packaging Inc  KRT.OQ  reported quarterly adjusted
earnings of 46 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 31 cents per share.
    * Revenue fell 9.1% to $95.80 million from a year ago;
analysts
expected $94.95 million. 
    * Karat Packaging Inc's reported EPS for the quarter was 45
cents​.
    * The mean earnings estimate of analysts had fallen by
about 27.8%
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 11.0% this
quarter and
gained 2.9% so far this year.
    * The company reported quarterly net income of $9.01
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 May
10 at 09:58 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.31           0.46           Beat
 Dec. 31 2022      0.33           0.30           Missed
 Sep. 30 2022      0.34           0.33           Missed
 Jun. 30 2022      0.37           0.34           Missed