Ranpak Holdings Corp Up 51.49% To $6.62 After Earnings Miss

Ranpak Holdings Corp (PACK) said after close Monday that it lost $0.11 per share in quarter four 2023.

On the revenue line, the company reported $90.4 million, beating estimates by $3.4 million.

In the same quarter a year ago, the company lost $0.09 per share on revenue of $79.4 million.

The stock is up 51.49% to $6.62 after the report.

Ranpak Holdings Corp's earnings expanded faster than revenues, signaling widening profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 41. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Ranpak Holdings Corp is a provider of environmentally sustainable, systems-based, product protection solutions for e-Commerce and industrial supply chains. The company offers a full suite of protective packaging systems and paper consumables. Geographically, it derives a majority of revenue from Europe/Asia.