Purple Innovation (PRPL) Expected to Announce Earnings on Tuesday

Purple Innovation (NASDAQ:PRPL - Get Free Report) will likely be announcing its Q1 2025 earnings results before the market opens on Tuesday, May 6th. Analysts expect Purple Innovation to post earnings of ($0.13) per share and revenue of $104.17 million for the quarter. Purple Innovation has set its FY 2025 guidance at EPS.

Purple Innovation (NASDAQ:PRPL - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.07. Purple Innovation had a negative return on equity of 84.67% and a negative net margin of 21.34%. The firm had revenue of $128.98 million for the quarter, compared to analyst estimates of $129.39 million. On average, analysts expect Purple Innovation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Purple Innovation Stock Performance

NASDAQ PRPL traded up $0.02 on Friday, hitting $0.66. 234,632 shares of the company's stock traded hands, compared to its average volume of 480,551. Purple Innovation has a 1-year low of $0.56 and a 1-year high of $1.75. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $71.16 million, a PE ratio of -0.66 and a beta of 1.62. The firm's 50-day moving average price is $0.72 and its two-hundred day moving average price is $0.86.

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed a "neutral" rating and set a $1.00 target price on shares of Purple Innovation in a report on Wednesday, March 26th.

Institutional Investors Weigh In On Purple Innovation

A hedge fund recently raised its stake in Purple Innovation stock. Bank of America Corp DE grew its stake in Purple Innovation, Inc. (NASDAQ:PRPL - Free Report) by 45.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,984 shares of the company's stock after purchasing an additional 17,406 shares during the quarter. Bank of America Corp DE owned approximately 0.05% of Purple Innovation worth $44,000 as of its most recent SEC filing. 88.41% of the stock is owned by institutional investors.

About Purple Innovation

Purple Innovation, Inc designs and manufactures sleep and other products in the United States and internationally. The company offers mattresses, pillows, cushions, bases, sheets, platforms, adjustable bases, mattress protectors, foundations, blankets, duvets, duvet covers, seat cushions, and pet beds under the Purple brand.