Ranpak Hldgs Earnings Preview
Portfolio Pulse from Benzinga Insights
Ranpak Holdings (NYSE:PACK) is scheduled to release its quarterly earnings report on March 11, 2024, with analysts expecting an EPS of $-0.04. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat leading to a 14.87% drop. Shares are currently trading at $4.45, down 4.91% over the last year. Investors are looking for positive guidance for the next quarter.
March 08, 2024 | 2:01 pm
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NEUTRAL IMPACT
Ranpak Holdings is expected to report an EPS of $-0.04 for the upcoming quarter. Historical data shows mixed reactions to past earnings, with the last beat followed by a significant stock price drop. Shares have decreased by 4.91% over the last year.
Given Ranpak Holdings' mixed historical earnings performance and the current negative year-to-date return, the upcoming earnings report could maintain the stock's volatility. However, the exact direction is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100