Earnings Outlook For Ranpak Hldgs

Ranpak Hldgs (NYSE:PACK) is gearing up to announce its quarterly earnings on Thursday, 2024-10-31. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Ranpak Hldgs will report an earnings per share (EPS) of $-0.05.

Ranpak Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

During the last quarter, the company reported an EPS beat by $0.13, leading to a 8.6% drop in the share price on the subsequent day.

Here's a look at Ranpak Hldgs's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.06

-0.07

-0.04

-0.07

EPS Actual

0.07

-0.10

-0.11

-0.04

Price Change %

-9.0%

3.0%

52.0%

-15.0%

Analysts' Take on Ranpak Hldgs

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Ranpak Hldgs.

Analysts have provided Ranpak Hldgs with 2 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $10.0, suggesting a potential 70.07% upside.

Analyzing Analyst Ratings Among Peers

The following analysis focuses on the analyst ratings and average ...