Ranpak Holdings (PACK) stock soared 5.14% in the pre-market trading session on Thursday, following the company's release of its fourth-quarter 2024 earnings results that beat revenue expectations and provided an optimistic outlook for the current fiscal year.
The packaging solutions provider reported revenue of $105 million for the quarter ended December 31, 2024, a 16.2% increase from the same period last year and surpassing analysts' expectations of $100.41 million. However, the company missed on earnings per share (EPS), reporting an adjusted loss of $0.10 per share, wider than the consensus estimate of a $0.04 loss.
Despite the EPS miss, Ranpak Holdings provided an encouraging outlook for fiscal year 2025, projecting revenue growth of 5-11% and adjusted EBITDA growth of 5-16%. This positive guidance, coupled with the strong revenue growth in the fourth quarter, appears to have fueled investor optimism and driven the stock's surge in the pre-market session.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.