Karat Packaging (NASDAQ:KRT) Reports Q3 In Line With Expectations [Yahoo! Finance]
Karat Packaging Inc. (KRT)
Company Research
Source: Yahoo! Finance
Its non-GAAP profit of $0.47 per share was 4.1% below analysts' consensus estimates. Is now the time to buy Karat Packaging? Find out in our full research report Revenue: $112.8 million vs analyst estimates of $112.9 million (in line) Adjusted EPS: $0.47 vs analyst expectations of $0.49 (4.1% miss) EBITDA: $14.72 million vs analyst estimates of $16 million (8% miss) Gross Margin (GAAP): 38.6%, up from 36.9% in the same quarter last year Operating Margin: 10%, in line with the same quarter last year EBITDA Margin: 13%, down from 14.4% in the same quarter last year Market Capitalization: $593.4 million “Karat performed well in the third quarter, with net sales up nearly 7 percent and volume up approximately 10 percent, despite some pricing pressure,” said Alan Yu, Chief Executive Officer. Founded as Lollicup, Karat Packaging (NASDAQ: KRT) distributes and manufactures environmentally-friendly disposable foodservice packaging solutions. Historically, specialty equipm
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KRT
News
- Karat Packaging Inc. (NASDAQ: KRT) had its price target raised by analysts at Stifel Nicolaus from $32.00 to $36.00. They now have a "buy" rating on the stock.MarketBeat
- Two Reasons to Watch KRT and One to Stay Cautious [Yahoo! Finance]Yahoo! Finance
- Karat Packaging's (NASDAQ:KRT) Conservative Accounting Might Explain Soft Earnings [Yahoo! Finance]Yahoo! Finance
- Q3 Earnings Highs And Lows: Karat Packaging (NASDAQ:KRT) Vs The Rest Of The Specialty Equipment Distributors Stocks [Yahoo! Finance]Yahoo! Finance
- Global Recyclable Cups Market Set to Reach USD 974.2 Million by 2034, Driven by Growing Sustainability Efforts | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
KRT
Earnings
- 11/7/24 - Miss
KRT
Analyst Actions
- 12/11/24 - Stifel
KRT
Sec Filings
- 11/20/24 - Form 4
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- KRT's page on the SEC website