Katapult (NASDAQ:KPLT) Releases Earnings Results, Misses Estimates By $0.01 EPS

Katapult (NASDAQ:KPLT) announced its quarterly earnings results on Thursday. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.01), FiscalAI reports. Katapult had a negative return on equity of 26.41% and a net margin of 3.60%. The company had revenue of $753.89 million for the quarter, compared to analyst estimates of $75.30 million.

Katapult Stock Down 27.0%

NASDAQ:KPLT traded down $3.02 during mid-day trading on Thursday, reaching $8.16. 811,758 shares of the stock were exchanged, compared to its average volume of 410,165. The stock has a market capitalization of $40.56 million, a P/E ratio of 5.96 and a beta of 1.58. Katapult has a 1 year low of $3.85 and a 1 year high of $12.68. The company has a 50 day simple moving average of $7.72 and a 200-day simple moving average of $6.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of Katapult from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Wall Street Zen raised Katapult to a “hold” rating in a report on Saturday, September 26th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Katapult presently has an average rating of “Sell”.

Katapult Company Profile

Katapult Holdings, Inc. (NASDAQ: KPLT) is a financial technology company that provides lease-to-own payment solutions for consumers who may not qualify for traditional credit. Through its platform, consumers can obtain products from participating merchants and pay for them over time under lease-purchase agreements. Katapult’s technology is designed for integration with e-commerce and omnichannel retail platforms, allowing merchants to offer alternative payment options at the point of sale. The company supports purchases across product categories such as consumer electronics, appliances, furniture, mattresses and other household goods.