Karat Packaging Q4 2023 Adj EPS $0.24 Misses $0.41 Estimate, Sales $95.582M Beat $95.483M Estimate
Portfolio Pulse from Benzinga Newsdesk
Karat Packaging (KRT) reported Q4 2023 earnings of $0.24 per share, missing the $0.41 estimate, but sales of $95.582M slightly beat the $95.483M estimate, marking a 3.15% increase from last year.
March 14, 2024 | 8:26 pm
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Karat Packaging's Q4 2023 earnings per share were $0.24, missing the $0.41 estimate, but sales of $95.582M slightly exceeded the $95.483M estimate.
Missing the earnings estimate by 41.46% is significant and likely to negatively impact investor sentiment in the short term. However, the slight beat on sales estimates and year-over-year growth might provide some buffer against a negative reaction. The overall impact is assessed as negative due to the weight earnings per share typically have on stock performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100