Karat Packaging: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Karat Packaging (NASDAQ:KRT) reported Q4 earnings with an EPS of $0.24, missing estimates by -41.0% against an expected $0.41. Revenue increased by $2.92 million from the same period last year. In the previous quarter, KRT beat EPS estimates but experienced a 14% drop in share price the following day.
March 14, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Karat Packaging reported a significant miss in Q4 earnings with an EPS of $0.24 against estimates of $0.41, though revenue increased from the previous year.
Karat Packaging's significant miss on estimated earnings is likely to negatively impact investor sentiment in the short term, especially considering the stock's previous 14% drop following last quarter's earnings beat. The increase in revenue may not be sufficient to offset the disappointment from the earnings miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100