Purple Innovation Inc expected to post a loss of 16 cents a share - Earnings Preview

Purple Innovation

04/05/2024 03:07

* Purple Innovation Inc  PRPL.OQ   PRPL.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 7 for
the period ending March 31 2024
    * The Lehi Utah-based  company is expected to report a
11.6% increase in revenue to $122.113 million from $109.37
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on March 12
2024, for the period ended March 31, was for revenue between
$120.00 million and $125.00 million.
    * ​LSEG's mean analyst estimate for Purple Innovation Inc is
for a
loss of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"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 $2.50​, above​ its last closing price of $1.61. ​​​

The company's guidance on March 12 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 120 million and -10 million (USD).
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   -0.18       -0.18      -0.15     Beat    16.1
 Sep. 30 0001  -0.04       -0.02      -0.18     Missed  -620
 Jun. 30 2023  -0.12       -0.11      -0.20     Missed  -73.9​
 Jan. 1 0001   -0.13       -0.13      -0.12     Beat    5.3
 ​​Jan.        -0.06       -0.06      -0.10     Missed  -69.8
 1 0001                                                 
 Jan. 1 0001   -0.07       -0.05      0.03      Beat    163.2​
 Jun. 30 2022  -0.09       -0.07      -0.11     Missed  -62.3
 Mar. 31 2022  -0.36       -0.35      -0.24     Beat    30.8
 This summary was machine generated May 4 at 02:05 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)