Purple Innovation Inc reports results for the quarter ended in December - Earnings Summary

Purple Innovation

12/03/2024 21:01

* Purple Innovation Inc  PRPL.OQ  reported a quarterly
adjusted
loss of 15 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of -10 cents.  The mean expectation of eight analysts for
the quarter was for a loss of 18 cents per share. Wall Street
expected results to range from -22 cents to -16 cents per share.
    * Revenue rose 0.6% to $145.94 million from a year ago;
analysts
expected $145.57 million. 
    * Purple Innovation Inc's reported EPS for the quarter was a
loss
of 17 cents​.
    * The company reported a quarterly loss of $18.33 million.
    * Purple Innovation Inc shares had risen by 90.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the home
furnishings
peer group is also "hold"

Wall Street's median 12-month price target for Purple Innovation
Inc is $2.00 
This summary was machine generated from LSEG data March 12 at
09:00 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.18          -0.15          Beat
 Sep. 30 2023      -0.02          -0.18          Missed
 Jun. 30 2023      -0.11          -0.20          Missed
 Mar. 31 2023      -0.13          -0.12          Beat