Ranpak Hldgs: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Ranpak Holdings (NYSE:PACK) reported Q4 earnings with an EPS of $-0.11, missing estimates by -175.0% against an expected $-0.04. Revenue increased by $11.00 million from the same period last year. Despite beating EPS estimates in Q3 2023, the share price dropped by 15.0% the following day. Historical earnings performance shows mixed results over the past quarters.
March 11, 2024 | 8:30 pm
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Ranpak Holdings reported a significant miss in Q4 earnings with an EPS of -$0.11 against an estimate of -$0.04, but saw an increase in revenue by $11M from the previous year.
The significant miss in earnings expectations is likely to negatively impact investor sentiment in the short term, especially considering the historical volatility in share price following earnings reports. The increase in revenue may provide some offset, but the missed EPS by a large margin is a critical factor.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100