Purple Innovation (PRPL) to Release Earnings on Tuesday

Key Points

• Q1 2026 earnings will be released before the market opens on Tuesday, April 28, 2026 at 8:30 AM ET; analysts project EPS of ($0.10) and revenue of $120.73 million.
• In the prior quarter (announced March 31) Purple reported EPS of ($0.02), beating estimates by $0.02, and revenue of $140.69 million versus estimates of $139.81 million.
• Shares trade around $0.64 with a market cap of about $69.6 million; the consensus analyst rating is Reduce with a $0.85 consensus price target and institutional ownership of 88.41%.

Purple Innovation (NASDAQ:PRPL - Get Free Report) is projected to release its Q1 2026 results before the market opens on Tuesday, April 28th. Analysts expect Purple Innovation to post earnings of ($0.10) per share and revenue of $120.73 million for the quarter. Interested persons can check the company's upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Tuesday, April 28, 2026 at 8:30 AM ET.

Purple Innovation (NASDAQ:PRPL - Get Free Report) last announced its earnings results on Tuesday, March 31st. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. The business had revenue of $140.69 million during the quarter, compared to analyst estimates of $139.81 million.

Purple Innovation Stock Performance

Shares of NASDAQ:PRPL opened at $0.64 on Friday. Purple Innovation has a twelve month low of $0.57 and a twelve month high of $1.26. The firm has a market cap of $69.63 million, a PE ratio of -1.33 and a beta of 1.83. The business has a fifty day moving average of $0.67 and a 200-day moving average of $0.73.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PRPL. Weiss Ratings restated a "sell (e+)" rating on shares of Purple Innovation in a research note on Tuesday. Wall Street Zen upgraded Purple Innovation to a "hold" rating in a research report on Saturday, April 11th. Finally, UBS Group lowered their price objective on Purple Innovation from $1.00 to $0.85 and set a "neutral" rating for the company in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Purple Innovation has an average rating of "Reduce" and a consensus price target of $0.85.

Institutional Trading of Purple Innovation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd increased its position in Purple Innovation by 276.7% in the fourth quarter. XTX Topco Ltd now owns 115,357 shares of the company's stock worth $80,000 after purchasing an additional 84,735 shares during the period. MML Investors Services LLC acquired a new stake in Purple Innovation in the fourth quarter worth about $84,000. State Street Corp increased its position in Purple Innovation by 8.8% in the fourth quarter. State Street Corp now owns 259,838 shares of the company's stock worth $179,000 after purchasing an additional 21,100 shares during the period. Jane Street Group LLC increased its position in Purple Innovation by 14.6% in the fourth quarter. Jane Street Group LLC now owns 150,197 shares of the company's stock worth $104,000 after purchasing an additional 19,156 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Purple Innovation in the third quarter worth about $757,000. 88.41% of the stock is currently owned by institutional investors and hedge funds.

Purple Innovation Company Profile

Purple Innovation, Inc is a consumer products company specializing in the design, development and manufacture of comfort technology for the sleep and home furnishings markets. Best known for its proprietary Hyper-Elastic Polymer “Grid” technology, the company engineers mattresses, pillows and cushions that aim to combine pressure relief, support and temperature neutrality. Purple offers an array of sleep products alongside related lifestyle and wellness solutions.

The company's product portfolio includes mattress models in various sizes and thicknesses, adjustable bed frames, pillows, sheets and mattress protectors, as well as seat cushions and pet beds.

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