Equities Analysts Issue Forecasts for Torrid Holdings Inc.’s Q3 2024 Earnings (NYSE:CURV)

Torrid Holdings Inc. (NYSE:CURV) – Telsey Advisory Group reduced their Q3 2024 earnings estimates for shares of Torrid in a note issued to investors on Thursday, September 7th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will earn ($0.05) per share for the quarter, down from their prior forecast of $0.08. Telsey Advisory Group currently has a “Market Perform” rating and a $2.00 target price on the stock. The consensus estimate for Torrid’s current full-year earnings is $0.30 per share. Telsey Advisory Group also issued estimates for Torrid’s Q4 2024 earnings at ($0.06) EPS, FY2024 earnings at ($0.07) EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at $0.28 EPS.

Torrid (NYSE:CURV) last posted its earnings results on Wednesday, September 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Torrid had a negative return on equity of 9.83% and a net margin of 1.85%. The business had revenue of $289.14 million during the quarter, compared to analyst estimates of $286.69 million. During the same quarter in the prior year, the company earned $0.22 EPS. The company’s revenue was down 18.2% on a year-over-year basis.

Several other equities research analysts have also commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Torrid from $3.00 to $2.60 and set a “neutral” rating for the company in a research note on Thursday. Bank of America lowered shares of Torrid to an “underperform” rating in a research note on Friday. Finally, Robert W. Baird lowered shares of Torrid from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $4.00 to $2.50 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, Torrid currently has an average rating of “Hold” and an average price target of $3.02.

Torrid Price Performance

CURV opened at $1.52 on Monday. The firm has a market capitalization of $158.19 million, a PE ratio of 7.60, a P/E/G ratio of 0.48 and a beta of 1.36. Torrid has a fifty-two week low of $1.51 and a fifty-two week high of $6.93. The company’s 50-day moving average is $2.58 and its 200 day moving average is $2.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CURV. Barclays PLC boosted its holdings in Torrid by 85.9% in the 1st quarter. Barclays PLC now owns 7,292 shares of the company’s stock worth $32,000 after buying an additional 3,369 shares during the period. UBS Group AG boosted its holdings in Torrid by 506.7% in the 4th quarter. UBS Group AG now owns 10,999 shares of the company’s stock valued at $33,000 after purchasing an additional 9,186 shares during the period. XTX Topco Ltd bought a new position in Torrid in the 2nd quarter valued at $36,000. O Shaughnessy Asset Management LLC bought a new position in Torrid in the 4th quarter valued at $36,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Torrid in the 1st quarter valued at $46,000. 83.34% of the stock is owned by institutional investors.

About Torrid

Torrid Holdings Inc operates in women's plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid and Torrid Curve brand names. It is involved in the sale of tops, bottoms, dresses, denims, activewear, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.