Purple Innovation (PRPL) to Release Earnings on Monday

Purple Innovation (NASDAQ:PRPL - Get Free Report) is scheduled to issue its quarterly 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.Investors that wish to register for the company's conference call can do so using this link.

Purple Innovation (NASDAQ:PRPL - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.02). The company had revenue of $120.27 million during 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 company posted ($0.20) earnings per share. 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 Down 0.5 %

Purple Innovation stock traded down $0.01 during trading hours on Tuesday, hitting $0.91. The company had a trading volume of 114,238 shares, compared to its average volume of 549,795. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.43. The firm has a market cap of $97.98 million, a P/E ratio of -0.68 and a beta of 2.07. The company has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $1.19. Purple Innovation has a 1 year low of $0.55 and a 1 year high of $2.33.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PRPL. Craig Hallum dropped their price objective on Purple Innovation from $2.00 to $1.50 and set a "hold" rating on the stock in a research note on Tuesday, August 6th. Wedbush cut Purple Innovation from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $1.75 to $1.10 in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.