Karat Packaging (NASDAQ:KRT) reported its Q4 earnings results on Thursday, March 14, 2024 at 04:10 PM.
Here's what investors need to know about the announcement.
Earnings
Karat Packaging missed estimated earnings by -41.0%, reporting an EPS of $0.24 versus an estimate of $0.41.
Revenue was up $2.92 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 14.000000000000002% drop in the share price the next day.
Here's a look at Karat Packaging's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.44 | 0.31 | 0.32 | |
| EPS Actual | 0.47 | 0.69 | 0.46 | 0.30 |
| Revenue Estimate | 106.36M | 109.20M | 94.95M | 96.12M |
| Revenue Actual | 105.53M | 108.74M | 95.80M | 92.67M |
To track all earnings releases for Karat Packaging visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.