Ranpak Holdings Corp expected to post a loss of 7 cents a share - Earnings Preview

Ranpak Holdings

30/04/2024 17:39

* Ranpak Holdings Corp  PACK.N   PACK.K  is expected to show
a
rise in quarterly revenue when it reports  results on May 2 for
the period ending March 31 2024
    * The Concord Township Ohio-based  company is expected to
report a
5.3% increase in revenue to $85.5 million from $81.2 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Ranpak Holdings Corp is
for a
loss of 7 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ranpak
Holdings
Corp is $7.00​, below​ its last closing price of $7.51. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023              -0.04      -0.11     Missed  -144.4
 Sep. 30 2023  -0.07       -0.07      -0.03     Beat    57.1
 Jun. 30 2023  -0.10       -0.09      -0.03     Beat    68.4​
 Mar. 31 2023  -0.15       -0.13      -0.14     Missed  -7.7
 ​​Dec.                    -0.09      -0.10     Missed  -11.1
 31 2022                                                
 Sep. 30 2022  -0.16       -0.15      -0.10     Beat    34.8​
 Jun. 30 2022  -0.17       -0.10      -0.14     Missed  -33.3
 Mar. 31 2022  -0.01       0.00       -0.17     Missed  -4,150
 This summary was machine generated April 30 at 16:39 GMT.  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)