Purple Innovation (PRPL) Expected to Announce Quarterly Earnings on Tuesday

Purple Innovation (NASDAQ:PRPL - Get Free Report) is expected to be announcing its Q1 2025 earnings results before the market opens on Tuesday, May 6th. Analysts expect the company to announce 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 released its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.07. Purple Innovation had a negative net margin of 21.34% and a negative return on equity of 84.67%. The company had revenue of $128.98 million during 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 Down 4.5 %

NASDAQ:PRPL opened at $0.60 on Tuesday. Purple Innovation has a 1-year low of $0.56 and a 1-year high of $1.75. The company has a 50-day moving average of $0.74 and a 200 day moving average of $0.87. The firm has a market cap of $64.82 million, a PE ratio of -0.60 and a beta of 2.08. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 0.67.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Purple Innovation

A hedge fund recently raised its stake in Purple Innovation stock. Bank of America Corp DE lifted its stake in Purple Innovation, Inc. (NASDAQ:PRPL - Free Report) by 45.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 about 0.05% of Purple Innovation worth $44,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 88.41% of the company's stock.

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.

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