Ranpak Hldgs Q1 2024 GAAP EPS $(0.10) Misses $(0.07) Estimate, Sales $85.300M Miss $85.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ranpak Holdings (NYSE:PACK) reported Q1 2024 earnings with a GAAP EPS of $(0.10), missing estimates by 42.86% and sales of $85.3M, slightly below the $85.5M estimate. Despite the miss, both earnings and sales showed improvement over the previous year.
May 02, 2024 | 11:31 am
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Ranpak Holdings reported a Q1 2024 GAAP EPS of $(0.10), missing estimates, and sales of $85.3M, slightly below expectations but showing year-over-year improvements.
The miss in both EPS and sales estimates for Ranpak Holdings is likely to negatively impact investor sentiment in the short term, despite the year-over-year growth. The magnitude of the miss, especially the 42.86% miss in EPS, is significant enough to potentially lead to a negative short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100