Purple Innovation (PRPL) Set to Announce Quarterly Earnings on Monday

Purple Innovation (NASDAQ:PRPL) is scheduled to be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Purple Innovation has set its FY 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Purple Innovation (NASDAQ:PRPL) last released its earnings results on Monday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The firm had revenue of $120.27 million for the quarter, compared to the consensus estimate of $127.41 million. Purple Innovation had a negative return on equity of 72.81% and a negative net margin of 19.86%. During the same quarter in the previous year, the firm earned ($0.20) EPS. On average, analysts expect Purple Innovation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Purple Innovation Price Performance

Purple Innovation stock opened at $0.91 on Friday. The business’s 50-day simple moving average is $1.01 and its 200 day simple moving average is $1.18. The company has a quick ratio of 0.67, a current ratio of 1.43 and a debt-to-equity ratio of 0.69. The stock has a market cap of $98.00 million, a price-to-earnings ratio of -0.93 and a beta of 2.07. Purple Innovation has a 12-month low of $0.55 and a 12-month high of $2.33.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PRPL shares. Wedbush cut shares of Purple Innovation from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $1.75 to $1.10 in a research report on Wednesday, September 4th. Craig Hallum lowered their target price on shares of Purple Innovation from $2.00 to $1.50 and set a “hold” rating for the company in a report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Purple Innovation presently has an average rating of “Moderate Buy” and an average target price of $2.53.

Purple Innovation Company Profile

Purple Innovation, Inc designs and manufactures sleep and other products in the United States and internationally. The company offers mattresses, pillows, cushions, bases, sheets, platforms, adjustable bases, mattress protectors, foundations, blankets, duvets, duvet covers, seat cushions, and pet beds under the Purple brand.