Ranpak Holdings Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
RANPAK HOLDINGS CORP PACK | 7.16 | +0.70% |
Ranpak Holdings (NYSE:PACK) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$92.2m (up 11% from 3Q 2023).
- Net loss: US$8.10m (loss widened by 146% from 3Q 2023).
- US$0.097 loss per share (further deteriorated from US$0.04 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ranpak Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 150%.
Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Packaging industry in the US.
The company's shares are up 4.8% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Ranpak Holdings, and understanding this should be part of your investment process.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
