Purple Innovation Reports Third Quarter 2021 Results

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Go back to Purple Innovation Reports Third Quarter 2021 Results

UBS Downgrades Purple Innovation (PRPL) to Neutral

November 10, 2021 4:47 AM EST

UBS analyst Atul Maheswari downgraded Purple Innovation (NASDAQ: PRPL) from Buy to Neutral with a price target of $32.00 (from $15.00).

The analyst comments "ontinue to believe that the co. offers a unique product that should enable it to gain
share over... More

Purple Innovation (PRPL) Misses Q3 EPS by 10c, Guidance Falls Short of Consensus

November 9, 2021 4:41 PM EST

Purple Innovation (NASDAQ: PRPL) reported Q3 EPS of $0.07, $0.10 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $170.8 million versus the consensus estimate of $199.53 million.

GUIDANCE:

Purple Innovation sees FY2021 revenue of $720-740 million, versus the consensus of $821 million.

Based on third quarter results and performance in the fourth quarter to-date, the Company currently expects 2021 net revenue to be between... More