Torrid (NYSE:CURV) Posts Earnings Results, Beats Estimates By $0.04 EPS

Torrid (NYSE:CURV - Get Free Report) announced its earnings results on Thursday. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.04, Briefing.com reports. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. The company had revenue of $275.60 million during the quarter, compared to the consensus estimate of $263.34 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The firm's revenue for the quarter was down 6.1% on a year-over-year basis. Torrid updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Torrid Price Performance

Shares of NYSE CURV traded up $0.20 during trading on Monday, reaching $5.95. 469,503 shares of the stock traded hands, compared to its average volume of 341,534. Torrid has a 52-week low of $2.18 and a 52-week high of $9.14. The company has a 50-day moving average of $6.10 and a 200-day moving average of $4.94. The stock has a market capitalization of $622.89 million, a P/E ratio of 39.64, a price-to-earnings-growth ratio of 1.03 and a beta of 1.99.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Telsey Advisory Group lifted their target price on shares of Torrid from $5.00 to $6.00 and gave the stock a "market perform" rating in a research report on Friday. Morgan Stanley boosted their price objective on Torrid from $3.00 to $4.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 21st. Bank of America initiated coverage on Torrid in a research report on Friday, December 6th. They set a "buy" rating and a $5.00 target price for the company. Finally, The Goldman Sachs Group increased their price target on shares of Torrid from $4.50 to $5.00 and gave the company a "neutral" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.00.

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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, Torrid Curve, CURV, and Lovesick 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.