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.

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