Purple Innovation (PRPL) Set to Announce 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 Purple Innovation to post earnings of ($0.10) per share for the quarter. Purple Innovation has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Purple Innovation (NASDAQ:PRPL) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Purple Innovation had a negative return on equity of 72.81% and a negative net margin of 19.86%. The company had revenue of $120.27 million during the quarter, compared to the consensus estimate of $127.41 million. During the same quarter last 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 Stock Up 1.9 %

Shares of NASDAQ PRPL opened at $0.91 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. Purple Innovation has a 12 month low of $0.55 and a 12 month high of $2.33. The firm has a market capitalization of $98.01 million, a PE ratio of -0.93 and a beta of 2.08. The firm has a fifty day simple moving average of $1.01 and a two-hundred day simple moving average of $1.17.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PRPL. Craig Hallum decreased their price objective 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. Wedbush lowered shares of Purple Innovation from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $1.75 to $1.10 in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.