Ranpak Holdings Corp reports results for the quarter ended in September 30 - Earnings Summary

Ranpak Holdings

01/11/2024 03:48

* Ranpak Holdings Corp  PACK.N  reported a quarterly
adjusted loss
of 10 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -3 cents.  The mean expectation of two analysts for the
quarter was for a loss of 4 cents per share. 
    * Revenue rose 11.4% to $92.20 million from a year ago;
analysts
expected $90.76 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 9.2% this
quarter and
gained 1.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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

Wall Street's median 12-month price target for Ranpak Holdings
Corp is $9.50 
This summary was machine generated from LSEG data November 1 at
03:48 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
 Sep. 30 2024      -0.04          -0.10          Missed
 Jun. 30 2024      -0.06          0.07           Beat
 Mar. 31 2024      -0.07          -0.10          Missed
 Dec. 31 2023      -0.04          -0.11          Missed