Stock Analysis
- United States
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- Packaging
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- NYSE:PACK
Ranpak Holdings First Quarter 2024 Earnings: EPS Misses Expectations
Ranpak Holdings (NYSE:PACK) First Quarter 2024 Results
Key Financial Results
- Revenue: US$85.3m (up 5.0% from 1Q 2023).
- Net loss: US$8.10m (loss narrowed by 35% from 1Q 2023).
- US$0.098 loss per share (improved from US$0.15 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ranpak Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Packaging industry in the US.
Performance of the American Packaging industry.
The company's shares are down 10% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Ranpak Holdings (1 makes us a bit uncomfortable!) that you should be aware of.
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Find out whether Ranpak Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NYSE:PACK
Ranpak Holdings
Provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia.
Mediocre balance sheet and overvalued.