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

Purple Innovation

05/08/2024 22:01

* Purple Innovation Inc  PRPL.OQ  reported a quarterly
adjusted
loss of 13 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -20 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 12 cents per
share. Wall Street expected results to range from -15 cents
to -9 cents per share.
    * Revenue fell 0.5% to $120.27 million from a year ago;
analysts
expected $128.01 million. 
    * Purple Innovation Inc's reported EPS for the quarter was
breakeven results​.
    * The company reported quarterly net income of $27 thousand.
    * Purple Innovation Inc shares had risen by 20.2% this
quarter and
gained 21.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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

Wall Street's median 12-month price target for Purple Innovation
Inc is $2.25 
This summary was machine generated from LSEG data August 5 at
09:01 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
 Jun. 30 2024      -0.12          -0.13          Missed
 Mar. 31 2024      -0.16          -0.19          Missed
 Dec. 31 2023      -0.18          -0.15          Beat
 Sep. 30 2023      -0.02          -0.18          Missed