Ranpak Hldgs Q4 2023 GAAP EPS $(0.11) Misses $(0.03) Estimate, Sales $90.400M Beat $87.042M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ranpak Holdings (PACK) reported Q4 2023 earnings with a GAAP EPS of $(0.11), missing the $(0.03) estimate by 266.67%. However, their sales of $90.4M exceeded the $87.042M estimate by 3.86%, marking a 13.85% increase from the previous year.
March 11, 2024 | 8:25 pm
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NEUTRAL IMPACT
Ranpak Holdings reported a larger than expected quarterly loss but exceeded sales estimates, showing significant revenue growth year-over-year.
The missed EPS estimate could negatively impact investor sentiment in the short term, but the beat on sales estimates and the significant year-over-year revenue growth could offset this negative impact. The mixed results make the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100