Purple Innovation Future Growth

Future criteria checks 0/6

Purple Innovation is forecast to grow earnings and revenue by 75.3% and 6.9% per annum respectively. EPS is expected to grow by 76.3% per annum. Return on equity is forecast to be -5.5% in 3 years.

Key information

75.3%

Earnings growth rate

76.3%

EPS growth rate

Consumer Durables earnings growth	8.2%
Revenue growth rate	6.9%
Future return on equity	-5.5%
Analyst coverage	Good
Last updated	21 Mar 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NasdaqGS:PRPL - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	645	-13	3	18	3
12/31/2025	594	-22	-10	16	7
12/31/2024	549	-41	-20	-14	8
12/31/2023	511	-121	-70	-55	N/A
9/30/2023	511	-171	-68	-54	N/A
6/30/2023	514	-133	-32	-14	N/A
3/31/2023	542	-99	-26	2	N/A
12/31/2022	573	-92	-67	-29	N/A
9/30/2022	615	-42	-111	-62	N/A
6/30/2022	643	-42	-152	-95	N/A
3/31/2022	683	-30	-124	-66	N/A
12/31/2021	725	3	-88	-31	N/A
9/30/2021	714	-48	-62	-6	N/A
6/30/2021	730	-137	-35	20	N/A
3/31/2021	713	-233	27	72	N/A
12/31/2020	648	-237	42	81	N/A
9/30/2020	599	-186	64	94	N/A
6/30/2020	529	-98	75	93	N/A
3/31/2020	467	-6	14	31	N/A
12/31/2019	428	-23	12	23	N/A
9/30/2019	383	-1	14	22	N/A
6/30/2019	336	-3	0	8	N/A
3/31/2019	309	-3	-24	-14	N/A
12/31/2018	286	-4	-33	-22	N/A
9/30/2018	270	-8	-44	-31	N/A
6/30/2018	256	-13	-39	-27	N/A
3/31/2018	228	-8	-22	-13	N/A
12/31/2017	197	-9	-4	5	N/A
9/30/2017	158	-4	N/A	14	N/A
12/31/2016	65	-2	N/A	9	N/A
12/31/2015	6	0	N/A	0	N/A
12/31/2014	4	1	N/A	1	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRPL is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PRPL is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PRPL is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PRPL's revenue (6.9% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: PRPL's revenue (6.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PRPL is forecast to be unprofitable in 3 years.

Purple Innovation Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Purple Innovation, Inc. Provides Earnings Guidance for the Year 2024

Price target decreased by 9.8% to US$1.85

Purple Innovation, Inc. Provides Earnings Guidance for the Year 2023

Purple Innovation, Inc. Provides Revenue Guidance for the Year 2023

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 95%

Recent updates

Purple Innovation, Inc. to Report Q1, 2024 Results on May 07, 2024

New minor risk - Shareholder dilution

Purple Innovation, Inc., Annual General Meeting, Jun 11, 2024

Purple Innovation: Shares Unlikely To Wake Up

Full year 2023 earnings: EPS misses analyst expectations

Purple Innovation, Inc. Provides Earnings Guidance for the Year 2024

Purple Innovation, Inc. to Report Q4, 2023 Results on Mar 12, 2024

Price target decreased by 9.8% to US$1.85

High number of new directors

Purple Innovation, Inc. Introduces Two New Pillows That Offer Deeper Sleep Through Customization and Portability

Purple Innovation, Inc. Provides Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: US$0.34 loss per share (vs US$0.027 profit in 3Q 2022)

New minor risk - Market cap size

Purple Innovation, Inc. to Report Q3, 2023 Results on Nov 09, 2023

Purple Innovation, Inc. Announces Casey McGarvey Will No Longer Serve as , Chief Legal Officer

Purple Innovation, Inc. Appoints Tricia Mcdermott as Chief Legal Officer

Purple Innovation, Inc. Announces CFO Changes

New minor risk - Financial position

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Purple Innovation, Inc. Provides Revenue Guidance for the Year 2023

Consensus EPS estimates fall by 12%

Purple Innovation, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Purple Innovation, Inc. Launches Two New Mobile-Controlled Adjustable Smart Bases

Chief Legal Officer & Secretary recently bought US$64k worth of stock

Chief of Owned Retail Officer recently bought US$56k worth of stock

Purple Innovation, Inc., Annual General Meeting, Jun 16, 2023

CEO & Director recently bought US$149k worth of stock

Consensus EPS estimates fall by 95%

Purple Innovation, Inc. Launches Innovative Premium and Luxe Collections Featuring Nine All-New Mattresses

Price target decreased by 9.9% to US$4.86

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 22% undervalued after recent price drop

Less than half of directors are independent

Now 22% undervalued after recent price drop

Chief Operating Officer recently bought US$381k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Now 24% undervalued after recent price drop

Price target decreased by 12% to US$5.86

Price target increased by 7.1% to US$6.69

Coliseum Capital Provides Information to Shareholders of Purple Innovation

Purple Innovation, Inc. has completed a Follow-on Equity Offering in the amount of $60.3 million.

Consensus EPS estimates fall by 84%

Purple Innovation, Inc. to Report Q4, 2022 Results on Mar 16, 2023

Price target increased by 9.1% to US$6.43

Purple Innovation, Inc. Appoints Scott Kerby as Chief of Owned Retail

Purple Innovation, Inc. Appoints Scott Kerby as Chief of Owned Retail

Price target increased to US$6.21

Purple Innovation, Inc. Launches New Mattresses at the Las Vegas Market in January 2023

Price target increased to US$5.52

Consensus forecasts updated

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Purple Innovation, Inc. Provides Earnings Guidance for the Full Year 2022

Purple Innovation, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Purple Innovation, Inc. Announces Management Changes

Purple appoints Keira Krausz as chief marketing officer

Chief Legal Officer & Secretary recently bought US$86k worth of stock

Coliseum Capital Partners LP and Coliseum Capital Co-Invest III, L.P., funds managed by Coliseum Capital Management, LLC submitted a non-binding proposal to acquire the remaining 55.2% stake in Purple Innovation, Inc. (NasdaqGS:PRPL) for approximately $220 million.

Coliseum Capital Partners LP and Coliseum Capital Co-Invest III, L.P., funds managed by Coliseum Capital Management, LLC submitted a non-binding proposal to acquire the remaining 55.2% stake in Purple Innovation, Inc. (NasdaqGS:PRPL) for approximately $220 million.

Purple surges 28% after holder Coliseum Capital offers to buy for $4.35/share

Purple Innovation acquires sleep and health wellness firm in all-stock deal

When Should You Buy Purple Innovation, Inc. (NASDAQ:PRPL)?

Price target decreased to US$5.11

Consensus revenue estimates fall by 12%

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Purple Innovation, Inc. Provides Earnings Guidance for the Year 2022

Purple Innovation falls 14% on Q2 result miss, lowers 2022 sales guidance

Purple Innovation, Inc. to Report Q2, 2022 Results on Aug 09, 2022

Consensus EPS estimates fall by 62%

Sleep Number And Purple Innovation: A Pair Trade Idea