Ranpak Hldgs Q2 EPS $(0.03) Beats $(0.09) Estimate, Sales $81.90M Miss $83.50M Estimate
Portfolio Pulse from Happy Mohamed
Ranpak Hldgs (NYSE:PACK) reported Q2 losses of $(0.03) per share, beating the analyst consensus estimate of $(0.09) by 66.67%. However, the company's quarterly sales of $81.90 million missed the analyst consensus estimate of $83.50 million by 1.92%.
August 04, 2023 | 1:10 pm
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NEUTRAL IMPACT
Ranpak's Q2 earnings per share beat estimates, but sales fell short. This mixed result could lead to uncertain short-term price movement.
Ranpak's earnings per share exceeded expectations, which is generally positive for the stock price. However, the company's sales missed estimates, which could negatively impact the stock. These mixed results create uncertainty about the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100