Karat Packaging First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]
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Karat Packaging Inc. (KRT)
Company Research
Source: Yahoo! Finance
Net income: US$6.17m (down 32% from 1Q 2023). Profit margin: 6.4% (down from 9.4% in 1Q 2023). EPS: US$0.31 (down from US$0.45 in 1Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Karat Packaging Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 27%. Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Trade Distributors industry in the US. Performance of the American Trade Distributors industry. The company's shares are down 3.4% from a week ago. Risk Analysis You still need to take note of risks, for example - Karat Packaging has 1 warning sign we think you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall S
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KRT
News
- Karat Packaging to Participate in Two June Investor ConferencesGlobeNewswire
- Karat Packaging (KRT) Q1 Earnings & Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Karat Packaging Inc. (NASDAQ:KRT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Karat Packaging Reports 2024 First Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
- Karat Packaging Reports 2024 First Quarter Financial ResultsGlobeNewswire
KRT
Earnings
- 5/9/24 - Miss
KRT
Sec Filings
- 6/21/24 - Form 8-K
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- KRT's page on the SEC website