Purple Innovation (PRPL) Expected to Announce Earnings on Tuesday

Purple Innovation (NASDAQ:PRPL) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $104.17 million for the quarter. Purple Innovation has set its FY 2025 guidance at EPS.

Purple Innovation (NASDAQ:PRPL) last posted its earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.07. The firm had revenue of $128.98 million for the quarter, compared to analysts’ expectations of $129.39 million. Purple Innovation had a negative return on equity of 84.67% and a negative net margin of 21.34%. 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 Trading Up 2.8 %

Shares of PRPL stock opened at $0.66 on Friday. The company has a market cap of $71.16 million, a price-to-earnings ratio of -0.66 and a beta of 1.62. The stock has a 50 day simple moving average of $0.72 and a 200-day simple moving average of $0.86. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 0.67. Purple Innovation has a 1-year low of $0.56 and a 1-year high of $1.75.

Wall Street Analyst Weigh In

Separately, Wedbush reissued a “neutral” rating and set a $1.00 target price on shares of Purple Innovation in a research note on Wednesday, March 26th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Purple Innovation stock. Bank of America Corp DE boosted its holdings in Purple Innovation, Inc. (NASDAQ:PRPL) by 45.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,984 shares of the company’s stock after acquiring an additional 17,406 shares during the period. Bank of America Corp DE owned 0.05% of Purple Innovation worth $44,000 at the end of the most recent reporting period. 88.41% of the stock is owned by institutional investors.

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.