Purple Innovation Inc reports results for the quarter ended December 31 - Earnings Summary

• Purple Innovation Inc PRPL.OQ reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -15 cents. The mean expectation of eight analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -50 cents to -4 cents per share.

• Revenue fell 11.6% to $128.98 million from a year ago; analysts expected $129.39 million.

• Purple Innovation Inc's reported EPS for the quarter was a loss of 8 cents​.

• The company reported a quarterly loss of $8.48 million.

• Purple Innovation Inc shares had fallen by 9.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.8% 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 $1.50

This summary was machine generated from LSEG data March 13 at 08:52 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 2024	-0.13	-0.07	Beat
Sep. 30 2024	-0.10	-0.08	Beat
Jun. 30 2024	-0.12	-0.13	Missed
Mar. 31 2024	-0.16	-0.19	Missed