Purple Innovation Inc expected to post a loss of 10 cents a share - Earnings Preview

Purple Innovation

02/11/2024 03:56

* Purple Innovation Inc  PRPL.OQ   PRPL.O  is expected
to show a
fall in quarterly revenue when it reports  results on November 4
for the period ending September 30 2024
    * The Lehi Utah-based  company is expected to report a
9.6% decrease in revenue to $126.618 million from $140 million a
year ago, according to the mean estimate from 8 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Purple Innovation Inc is
for a
loss of 10 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Purple
Innovation
Inc is $1.50​, above​ its last closing price of $0.91. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -0.13       -0.12      -0.13     Missed  -7.8
 Mar. 31 0001  -0.16       -0.16      -0.19     Missed  -17.8
 Dec. 31 2023  -0.18       -0.18      -0.15     Beat    16.1​
 Sep. 30 2023  -0.04       -0.02      -0.18     Missed  -620
 ​​Jun.        -0.12       -0.11      -0.20     Missed  -73.9
 30 2023                                                
 Mar. 31 2023  -0.13       -0.13      -0.12     Beat    5.3​
 Jan. 1 0001   -0.06       -0.06      -0.10     Missed  -69.8
 Jan. 1 0001   -0.07       -0.05      0.03      Beat    163.2
 This summary was machine generated November 2 at 03:56 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)