Recap: Karat Packaging Q1 Earnings

Karat Packaging 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.

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.

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.

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