Oct. 24 at 12:11 AM
$PRPL Purple met analysts’ revenue expectations last quarter, reporting revenues of
$104.2 million, down 13.2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a solid beat of analysts’ adjusted operating income estimates.
This quarter, analysts are expecting Purple’s revenue to decline 12.5% year on year to
$105.3 million, a reversal from the 2% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -
$0.12 per share.
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There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 10.3% on average over the last month. Purple is up 20.7% during the same time and is heading into earnings with an average analyst price target of
$2.53 (compared to the current share price of
$0.88).
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If it's a great earnings report then that will be great!
If it's a bad earnings report then 🤷🏻 so what. Get my drift...
