Preview: Purple Innovation's Earnings

Benzinga Insights
2 min read
0
In this article:

On Thursday, March 04, Purple Innovation (NASDAQ:PRPL) will release its latest earnings report. Here is Benzinga's outlook for the company.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Purple Innovation EPS will likely be near $0.11 while revenue will be around $196.00 million, according to analysts. Purple Innovation EPS in the same period a year ago totaled $0.29. Revenue was $124.30 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

View more earnings on PRPL

If the company were to match the consensus estimate, earnings would be up 137.93%. Revenue would be up 57.68% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

EPS Estimate

0.24

0.19

0.05

0.04

EPS Actual

-0.02

-0.11

0.11

-0.29

Revenue Estimate

175.46 M

175.88 M

106.97 M

119.52 M

Revenue Actual

187.11 M

165.10 M

122.38 M

124.30 M

Stock Performance

Shares of Purple Innovation were trading at $37.9 as of March 02. Over the last 52-week period, shares are up 193.85%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Purple Innovation is scheduled to hold the call at 08:30:00 ET and can be accessed here.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Advertisement

Recommended Stories

  • Dow Jones Falls As Donald Trump Stock Craters; Cathie Wood Buys This Stock Amid 51% Plunge

    The Dow Jones fell as Elon Musk made a Tesla move. The Donald Trump stock sank on the stock market today. Cathie Wood bought a diving stock.

  • Trump Media stock tanks 18% on move to issue millions of shares

    Trump Media stock slid as much as 16% on Monday after the parent company of Donald Trump's social media platform, Truth Social, filed to issue more than 21 million shares.

  • 1 Magnificent Dividend Stock Down 27% to Buy Right Now Near a Once-in-a-Decade Valuation

    This consumer staples behemoth and potential cornerstone holding is available at what could prove to be a significant discount.

  • Elon Musk Agrees With Jamie Dimon's Warning Of Political Polarization 'Creating Risks That Could Eclipse Anything Since World War II'

    JP Morgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon's annual shareholder letter is a moment investors await to understand the thinking of one of the world's most influential bankers. While there has been speculation of Dimon entering politics, with him even gaining the support of billionaire hedge fund manager Bill Ackman to run for president, JP Morgan shared in a statement that "Jamie has no plans to run for office" and that "he is very happy in his current role." That has not stopped him from oc

  • Jim Cramer Says People Think Elon Musk Might Be Losing His Edge Or 'Turning Into An Evil Genius,' But Warren Buffett Never Fails To Deliver

    TV personality Jim Cramer addressed differing investor sentiments toward titans of Wall Street Elon Musk and Warren Buffett on April 12 on CNBC. Cramer highlighted that while Buffett continues to earn investor admiration, Musk has faced criticism because of Tesla Inc.'s declining share price. Don't Miss: Are you rich? Here’s what Americans think you need to be considered wealthy. Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you. "We operate

  • 4 Oversold Stocks to Buy Right Now

    Here are four stocks to buy now that could offer investors upside in the short and long term.

  • Not-So-Happy Meal: $20 Wages Has Burger Joints In This State All Heated

    California fast-food employees started earning a minimum of $20 an hour in April. Thanks to a new law, which went into effect earlier this month, California chain restaurants with at least 60 locations nationwide have to pay their employees more. For smaller restaurants, the minimum wage continues to be the statewide bottom of $16 an hour. The largest publicly-traded fast-food companies include McDonald’s Corp (NYSE:MCD); Starbucks Corp (NASDAQ:SBUX); Yum! Brands, Inc. (NYSE:YUM), which owns Tac

  • Tax Day reveals a major split in how Joe Biden and Donald Trump would govern

    Biden, the sitting Democratic president, released his income tax returns on the IRS deadline of Monday. Filing jointly with his wife, Jill, he reported gross income of $619,976 and paid a federal income tax rate of 23.7%. On Tuesday, Biden is scheduled to deliver a speech in Scranton, Pennsylvania, about why the wealthy should pay more in taxes to reduce the federal deficit and help fund programs for the poor and middle class.

  • Tesla layoffs hit high performers, some departments slashed, sources say

    Tesla management told employees Monday that the recent layoffs -- which gutted some departments by 20% and even hit high performers -- were largely due to poor financial performance, a source familiar with the matter told TechCrunch. The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter earnings. The move comes as Tesla has seen its profit margin narrow over the past several quarters, the result of an EV price war that has persisted for at least a year.

  • You Won't Believe My Shocking Rivian Stock Prediction

    Rivian's stock price is approaching record lows, and investors wonder about its long-term prospects.