Ranpak Hldgs Q3 2024 GAAP EPS $(0.10) Misses $(0.04) Estimate, Sales $92.200M Beat $90.760M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ranpak Holdings (NYSE:PACK) reported Q3 2024 earnings with a GAAP EPS of $(0.10), missing the estimate of $(0.04). However, sales were $92.2M, beating the $90.76M estimate and showing an 11.35% increase from last year.
October 31, 2024 | 11:36 am
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NEGATIVE IMPACT
Ranpak Holdings reported a Q3 2024 GAAP EPS of $(0.10), missing the $(0.04) estimate, but sales of $92.2M beat the $90.76M estimate. Sales increased by 11.35% YoY.
The significant EPS miss suggests potential negative sentiment, but the sales beat and YoY growth could mitigate some negative impact. Overall, the EPS miss is likely to weigh more heavily on short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100