Purple Innovation Inc expected to post a loss of 18 cents a share - Earnings Preview

Purple Innovation

08/03/2024 21:02

* Purple Innovation Inc  PRPL.OQ   PRPL.O  is expected
to show a
rise in quarterly revenue when it reports  results on March 12
for the period ending December 31 2023
    * The Lehi Utah-based  company is expected to report a
0.3% increase in revenue to $145.565 million from $145.12
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on November
9 2023, for the period ended December 31, was for revenue
between $145.00 million and $155.00 million.
    * ​LSEG's mean analyst estimate for Purple Innovation Inc is
for a
loss of 18 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 $2.00​, above​ its last closing price of $1.99. ​​​

The company's guidance on November 9 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 145 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  
 Sep. 30 2023  -0.04       -0.02      -0.18     Missed  -620
 Jun. 30 2023  -0.12       -0.11      -0.20     Missed  -73.9
 Mar. 31 2023  -0.13       -0.13      -0.12     Beat    5.3​
 Dec. 31 2022  -0.06       -0.06      -0.10     Missed  -69.8
 ​​Sep.        -0.07       -0.05      0.03      Beat    163.2
 30 2022                                                
 Jun. 30 2022  -0.09       -0.07      -0.11     Missed  -62.3​
 Mar. 31 2022  -0.36       -0.35      -0.24     Beat    30.8
 Dec. 31 2021  -0.28       -0.27      -0.35     Missed  -28
 This summary was machine generated March 8 at 21:01 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)