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

Karat Packaging

11/11/2022 24:58

* Karat Packaging Inc  KRT.OQ  reported quarterly adjusted
earnings of 33 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 34 cents per share.
    * Revenue rose 7.1% to $110.00 million from a year ago;
analysts
expected $119.07 million. 
    * Karat Packaging Inc's reported EPS for the quarter was 31
cents​.
    * 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. 
    * Karat Packaging Inc shares had fallen by 7.1% this
quarter and
lost 26.5% so far this year.
    * The company reported quarterly net income of $6.1 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 November
11 at 12:58 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.29           0.32           Beat