Purple Innovation, Inc. (NASDAQ:PRPL) a comfort technology company, is expected to report third quarter earnings results, before market open, on Wednesday 11th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.24 per share.
Looking ahead, the full year income are expected at $ 0.61 per share on the revenues of $ 635.19 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 550.00 million ~ $ 575.00 million
Click Here For More Historical Outlooks Of Purple Innovation, Inc.
Previous Quarter Performance
Purple Innovation, Inc. recorded loss for the second quarter of $ 0.11 per share, from the revenue of $ 165.10 million. The quarterly revenues developed 40.62 percent compared with the same quarter last year. Wall street analysts are predicting, PRPL to report 2Q20 income of $ 0.20 per share from revenue of $ 162.26 million. The bottom line results missed street analysts by $ 0.31 or 155 percent, at the same time, top line results outshined analysts by $ 2.84 million or 1.75 percent.
Stock Performance
Shares of Purple Innovation, Inc. traded low $ -1.91 or -7.00 percent on Tuesday, reaching $ 25.37 with volume of 3.39 million shares. Purple Innovation, Inc. has traded high as $ 28.31 and has cracked $ 24.33 on the downward trend
The closing price of $ 25.37, representing a 517.19 % increase from the 52 week low of $ 4.42 and a 18.25 % decrease over the 52 week high of $ 33.37.
The company has a market capital of $ 1.48 billion and is part of the Consumer Cyclical sector and Home Furnishings & Fixtures industry.
Recent Analyst recommendations
- On 26th October 2020, maintained by Raymond James at Outperform rating, with $ 36.00 target price.
Conference Call
Purple Innovation, Inc. will be hosting a conference call at 8:30 AM eastern time on 11th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website purple.com
Purple Innovation, Inc. designs and manufactures mattresses, pillows, and cushions. It also offers sheets, mattress protectors, platform bases, and foundations.
