Ranpak Hldgs Q2 2024 GAAP EPS $0.07 Beats $(0.05) Estimate, Sales $86.400M Miss $87.669M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ranpak Holdings (NYSE:PACK) reported Q2 2024 GAAP EPS of $0.07, beating the estimate of $(0.05) by 240%. However, sales of $86.4M missed the $87.669M estimate by 1.45%, though they increased by 5.49% year-over-year.
August 01, 2024 | 11:33 am
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Ranpak Holdings reported Q2 2024 GAAP EPS of $0.07, significantly beating the estimate of $(0.05). However, sales of $86.4M missed the $87.669M estimate by 1.45%, though they increased by 5.49% year-over-year.
The significant EPS beat is likely to have a positive short-term impact on the stock price, despite the slight miss in sales. The year-over-year sales growth also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100