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

Katapult (NASDAQ:KPLT) announced its earnings results on Thursday. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.01), FiscalAI reports. Katapult had a net margin of 3.60% and a negative return on equity of 26.41%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $75.30 million.

Katapult Stock Performance

Shares of Katapult stock traded up $0.49 during trading on Friday, hitting $8.65. The company’s stock had a trading volume of 145,049 shares, compared to its average volume of 103,432. The company has a fifty day simple moving average of $7.72 and a two-hundred day simple moving average of $6.90. The company has a market capitalization of $42.99 million, a PE ratio of 6.28 and a beta of 1.58. Katapult has a 52 week low of $3.85 and a 52 week high of $12.68.

Analyst Upgrades and Downgrades

Several analysts have commented on KPLT shares. Wall Street Zen upgraded shares of Katapult to a “hold” rating in a report on Saturday, September 26th. Weiss Ratings cut Katapult from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus 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.