Purple Innovation Inc reports results for the quarter ended June 30 - Earnings Summary

• Purple Innovation Inc PRPL.OQ reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of five analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -13 cents to -5 cents per share.

• Revenue fell 12.6% to $105.10 million from a year ago; analysts expected $103.69 million.

• Purple Innovation Inc's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $17.35 million.

• Purple Innovation Inc shares had risen by 37.1% this quarter and gained 28.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 17.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the home furnishings peer group is "buy."

• Wall Street's median 12-month price target for Purple Innovation Inc is $3.30, about 69.7% above its last closing price of $1.00

This summary was machine generated from LSEG data July 29 at 09:06 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)