Ranpak Holdings Corp reports results for the quarter ended in December - Earnings Summary

Ranpak Holdings

11/03/2024 21:01

* Ranpak Holdings Corp  PACK.N  reported a quarterly
adjusted loss
of 11 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -10 cents.  The mean expectation of three analysts for the
quarter was for a loss of 4 cents per share. Wall Street
expected results to range from -6 cents to -3 cents per share.
    * Revenue rose 13.9% to $90.40 million from a year ago;
analysts
expected $87.04 million. 
    * Ranpak Holdings Corp's reported EPS for the quarter was a
loss
of 11 cents​.
    * The company reported a quarterly loss of $9.3 million.
    * Ranpak Holdings Corp shares had fallen by 21.6% this
quarter.

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 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the paper
packaging
peer group is also "buy"

Wall Street's median 12-month price target for Ranpak Holdings
Corp is $5.00 
This summary was machine generated from LSEG data March 11 at
09:00 p.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
 Dec. 31 2023      -0.04          -0.11          Missed
 Sep. 30 2023      -0.07          -0.03          Beat
 Jun. 30 2023      -0.09          -0.03          Beat
 Mar. 31 2023      -0.13          -0.14          Missed