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

Ranpak Holdings

02/05/2024 20:34

* Ranpak Holdings Corp  PACK.N  reported a quarterly
adjusted loss
of 10 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -14 cents.  The mean expectation of three analysts for the
quarter was for a loss of 7 cents per share. 
    * Revenue rose 5% to $85.30 million from a year ago;
analysts
expected $85.50 million. 
    * Ranpak Holdings Corp's reported EPS for the quarter was a
loss
of 10 cents​.
    * The company reported a quarterly loss of $8.1 million.
    * Ranpak Holdings Corp shares had fallen by 6.9% this
quarter and
gained 25.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $8.00 
This summary was machine generated from LSEG data May 2 at 07:34
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
 Mar. 31 2024      -0.07          -0.10          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