Karat Packaging Inc <KRT.OQ> expected to post earnings of 36 cents a share - Earnings Preview

• Karat Packaging Inc KRT.OQ KRT.O is expected to show a rise in quarterly revenue when it reports results on March 13 for the period ending December 31 2024

• The Chino California-based company is expected to report a 7.0% increase in revenue to $102.27 million from $95.58 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.The company's guidance on November 7 2024, for the period ended December 31, was for revenue between $118.41 million and $121.79 million.

• ​LSEG's mean analyst estimate for Karat Packaging Inc is for earnings of 36 cents per share.

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

• Wall Street's median 12-month price target for Karat Packaging Inc is $35.00​, above​ its last closing price of $29.18. ​​​

The company's guidance on November 7 2024 for the period ended December 31 was for gross profit margin between USD39% and USD40%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated March 11 at 20:45 GMT. 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)