Earnings Preview: Purple Innovation
Portfolio Pulse from Benzinga Insights
Purple Innovation (NASDAQ:PRPL) is scheduled to release its quarterly earnings report on 2024-03-12, with analysts expecting an EPS of $-0.18. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant price changes. Last quarter, PRPL missed its EPS estimate by $0.15, resulting in a 31.15% drop in share price the following day. Investors will be looking for not just an earnings beat but also positive guidance for the next quarter.
March 11, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Purple Innovation is expected to report an EPS of $-0.18 for the upcoming quarter. Historical data shows significant stock price volatility following earnings reports, especially when EPS estimates are not met.
Given Purple Innovation's history of not meeting EPS estimates and the subsequent negative impact on its stock price, there is a high likelihood of a negative short-term impact on PRPL's stock price if the trend continues. The anticipation of the earnings report, coupled with the company's past performance, suggests a cautious outlook for investors.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100