Q2 Earnings Outperformers: Karat Packaging (NASDAQ:KRT) And The Rest Of The Specialty Equipment Distributors Stocks [Yahoo! Finance]
Karat Packaging Inc. (KRT)
Company Research
Source: Yahoo! Finance
Historically, specialty equipment distributors have boasted deep selection and expertise in sometimes narrow areas like single-use packaging or unique lighting equipment. Additionally, the industry has evolved to include more automated industrial equipment and machinery over the last decade, driving efficiencies and enabling valuable data collection. Specialty equipment distributors whose offerings keep up with these trends can take share in a still-fragmented market, but like the broader industrials sector, this space is at the whim of economic cycles that impact the capital spending and manufacturing propelling industry volumes. The 9 specialty equipment distributors stocks we track reported a weak Q2. As a group, revenues missed analysts' consensus estimates by 1.8%. Stocks--especially those trading at higher multiples--had a strong end of 2023, but this year has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts, and while some
Show less
Read more
Impact Snapshot
Event Time:
KRT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KRT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KRT alerts
High impacting Karat Packaging Inc. news events
Weekly update
A roundup of the hottest topics
KRT
News
- What Is Karat Packaging Inc.'s (NASDAQ:KRT) Share Price Doing? [Yahoo! Finance]Yahoo! Finance
- Karat Packaging to Present at Lake Street’s 8th Annual Best Ideas Growth Conference, September 12GlobeNewswire
- Karat Packaging (KRT) Stock Dips on Q2 Earnings & Revenue Miss [Yahoo! Finance]Yahoo! Finance
- Karat Packaging Inc. (KRT) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Karat Packaging Inc. (NASDAQ: KRT) was downgraded by analysts at Truist Financial Co. from a "buy" rating to a "hold" rating. They now have a $28.00 price target on the stock, down previously from $34.00.MarketBeat
KRT
Earnings
- 8/8/24 - Miss
KRT
Sec Filings
- 8/20/24 - Form 4
- 8/9/24 - Form 10-Q
- 8/8/24 - Form 8-K
- KRT's page on the SEC website