Earnings Outlook For Ranpak Hldgs
Portfolio Pulse from Benzinga Insights
Ranpak Holdings (NYSE:PACK) is set to announce its quarterly earnings on October 31, 2024. Analysts estimate an EPS of $-0.05. Investors are keen on the company's guidance for future growth. Despite a past EPS beat, the stock dropped 8.6% last quarter. Analysts rate Ranpak as Neutral with a $10 price target, indicating a 70.07% upside.
October 30, 2024 | 9:04 pm
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Ranpak Holdings is expected to announce its quarterly earnings with an estimated EPS of $-0.05. Investors are particularly interested in the company's future guidance. Despite a previous EPS beat, the stock experienced a significant drop, highlighting the importance of guidance over mere earnings results. Analysts have a Neutral rating with a $10 price target, suggesting a potential upside.
The upcoming earnings announcement is crucial for Ranpak Holdings, with analysts focusing on the EPS and future guidance. The past performance shows that even an EPS beat led to a stock price drop, indicating that guidance is a key driver for the stock's short-term movement. The Neutral rating and price target suggest moderate expectations, but the potential for a 70.07% upside indicates room for positive movement if guidance is favorable.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100