Purple Innovation Reports Third Quarter 2024 Results

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Go back to Purple Innovation Reports Third Quarter 2024 Results

Purple Innovation (PRPL) PT Lowered to $1.50 at Roth/MKM

November 5, 2024 5:54 AM EST

Roth/MKM analyst Matt Koranda lowered the price target on Purple Innovation (NASDAQ: PRPL) to $1.50 (from $2.00) while maintaining a Buy rating.

The analyst comments "3Q was soft as Purple lapped benefits from last year's product launch and core bedding/mattress industry demand... More

Purple Innovation (PRPL) Tops Q3 EPS by 2c, Misses on Revenue; Offers FY24 Revenue Guidance

November 4, 2024 4:42 PM EST

Purple Innovation (NASDAQ: PRPL) reported Q3 EPS of ($0.08), $0.02 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $118.6 million versus the consensus estimate of $126.63 million.

GUIDANCE:

Purple Innovation sees FY2024 revenue of $490-510 million, versus the consensus of... More