Brokerages Anticipate Purple Innovation Inc (PRPL) to Announce ($0.14) EPS
Shares of Purple Innovation Inc (NASDAQ:PRPL) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price objective of $6.50 for the company and are anticipating that the company will post ($0.14) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Purple Innovation an industry rank of 107 out of 255 based on the ratings given to related companies.
PRPL has been the subject of several analyst reports. Zacks Investment Research raised shares of Purple Innovation from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. Wedbush cut their price target on shares of Purple Innovation from $8.00 to $6.50 and set an “outperform” rating for the company in a report on Thursday, November 15th.
Shares of NASDAQ:PRPL opened at $5.70 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.43 and a debt-to-equity ratio of 6.41. Purple Innovation has a one year low of $4.45 and a one year high of $13.90.
Purple Innovation (NASDAQ:PRPL) last announced its quarterly earnings results on Wednesday, November 14th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.07). The business had revenue of $70.81 million for the quarter, compared to analysts’ expectations of $86.20 million. Equities research analysts predict that Purple Innovation will post -1.54 EPS for the current fiscal year.
About Purple Innovation
Purple Innovation, Inc engages in the design and manufacture of products to improve how people sleep, sit, and stand. It offers mattresses, cushions, pillows, and other comfort products using its proprietary Hyper-Elastic Polymer technology. The company was founded by Terry V. Pearce and Tony M. Pearce in 2010 and is headquartered in Alpine, Utah.
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