Karat Packaging (NASDAQ:KRT) reported its Q1 earnings results on Thursday, May 12, 2022 at 04:10 PM.
Here's what investors need to know about the announcement.
Earnings
Karat Packaging beat estimated earnings by 33.33%, reporting an EPS of $0.36 versus an estimate of $0.27.
Revenue was up $29.74 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 11.31% increase in the share price the next day.
Here's a look at Karat Packaging's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.29 | 0.33 | 0.13 | |
| EPS Actual | 0.32 | 0.19 | 0.50 | 0.13 |
| Revenue Estimate | 95.65M | 102.09M | 91.33M | 73.67M |
| Revenue Actual | 91.33M | 102.71M | 94.53M | 75.67M |
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.
