Karat Packaging KRT is ready to present its newest quarterly earnings report on Thursday, 2023-03-16. Here’s what buyers must know earlier than the announcement.
Analysts estimate that Karat Packaging will report an earnings per share (EPS) of $0.32.
Karat Packaging bulls will hope to listen to the corporate announce they’ve not solely crushed that estimate, but additionally to offer optimistic steering, or forecasted progress, for the subsequent quarter.
New buyers ought to word that it’s typically not an earnings beat or miss that the majority impacts the value of a inventory, however the steering (or forecast).
Historical Earnings Performance
Last quarter the corporate missed EPS by $0.00, which was adopted by a ten.86% drop within the share worth the subsequent day.
Here’s a take a look at Karat Packaging’s previous efficiency and the ensuing worth change:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | This autumn 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.33 | 0.37 | 0.27 | 0.29 |
| EPS Actual | 0.33 | 0.34 | 0.36 | 0.32 |
| Price Change % | -10.86% | 2.85% | 13.55% | 11.31% |
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | This autumn 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.33 | 0.37 | 0.27 | 0.29 |
| EPS Actual | 0.33 | 0.34 | 0.36 | 0.32 |
| Price Change % | -10.86% | 2.85% | 13.55% | 11.31% |
Stock Performance
Shares of Karat Packaging have been buying and selling at $14.39 as of March 14. Over the final 52-week interval, shares are down 12.54%. Given that these returns are usually detrimental, long-term shareholders are seemingly bearish going into this earnings launch.
To observe all earnings releases for Karat Packaging go to their earnings calendar on our web site.
This article was generated by Benzinga’s automated content material engine and reviewed by an editor.
