Purple Innovation (PRPL) Projected to Post Quarterly Earnings on Tuesday

Purple Innovation (NASDAQ:PRPL - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data after the market closes on Tuesday, July 29th. Analysts expect the company to announce earnings of ($0.12) per share and revenue of $103.69 million for the quarter. Purple Innovation has set its FY 2025 guidance at EPS.

Purple Innovation (NASDAQ:PRPL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.03. Purple Innovation had a negative net margin of 14.16% and a negative return on equity of 145.52%. The company had revenue of $104.17 million for the quarter, compared to analyst estimates of $104.17 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 Price Performance

PRPL stock traded up $0.03 during midday trading on Friday, reaching $0.90. The company had a trading volume of 265,019 shares, compared to its average volume of 1,097,997. The company has a debt-to-equity ratio of 54.69, a current ratio of 1.36 and a quick ratio of 0.64. Purple Innovation has a 1 year low of $0.56 and a 1 year high of $1.50. The company has a market capitalization of $96.49 million, a P/E ratio of -1.44 and a beta of 1.51. The firm has a 50-day moving average price of $0.76 and a 200-day moving average price of $0.82.

Hedge Funds Weigh In On Purple Innovation

A hedge fund recently bought a new stake in Purple Innovation stock. AQR Capital Management LLC purchased a new position in Purple Innovation, Inc. (NASDAQ:PRPL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 36,465 shares of the company's stock, valued at approximately $28,000. 88.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Purple Innovation from a "hold" rating to a "sell" rating in a report on Friday, July 18th.

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.