Karat Packaging Inc reports results for the quarter ended in September 30 - Earnings Summary

Karat Packaging

08/11/2024 04:17

* Karat Packaging Inc  KRT.OQ  reported quarterly adjusted
earnings of 47 cents​​ per share for the quarter ended September
30, identical to the same quarter last year.  The mean
expectation of four analysts for the quarter was for earnings of
52 cents per share. Wall Street expected results to range from
51 cents to 52 cents per share.
    * Revenue rose 6.9% to $112.77 million from a year ago;
analysts
expected $112.93 million. 
    * Karat Packaging Inc's reported EPS for the quarter was 45
cents​.
    * The company reported quarterly net income of $9.09
million.
    * Karat Packaging Inc shares had risen by 14.5% this
quarter and
gained 20.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for Karat Packaging
Inc is $32.00 
This summary was machine generated from LSEG data November 8 at
04:17 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       0.52           0.47           Missed
 Jan. 1 0001       0.60           0.49           Missed
 Mar. 31 2024      0.45           0.40           Missed
 Dec. 31 2023      0.41           0.24           Missed