Karat Packaging Inc reports results for the quarter ended December 31 - Earnings Summary

• Karat Packaging Inc KRT.OQ reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of four analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 33 cents to 38 cents per share.

• Revenue rose 6.3% to $101.65 million from a year ago; analysts expected $102.27 million.

• Karat Packaging Inc's reported EPS for the quarter was 28 cents​.

• The company reported quarterly net income of $5.62 million.

• Karat Packaging Inc shares had fallen by 2.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the non-paper containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for Karat Packaging Inc is $35.00

This summary was machine generated from LSEG data March 13 at 09:45 p.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)