Purple Innovation Cuts Full-Year Revenue Forecast to $500M, Sees 407% Upside
Purple Innovation will report Q1 revenue of $100M and EPS of -$0.17 on April 28, with full-year revenue estimates cut from $530M to $500M and EPS forecasts lowered to -$0.35. Analysts’ one-year average price target of $3.25 implies 407% upside, while consensus recommendation stands at “Outperform.”
1. Q1 2026 Earnings Preview
Purple Innovation will report Q1 results on April 28, with consensus revenue of $100 million and an EPS loss forecast at $0.17 per share.
2. Full-Year Estimate Revisions
Over the past 90 days, analysts have trimmed full-year 2026 revenue forecasts from $530 million to $500 million and lowered EPS projections from a loss of $0.26 to a loss of $0.35 per share; 2027 revenue and EPS forecasts were also reduced.
3. Recent Quarter Performance
In Q4 2025, Purple Innovation posted revenue of $140 million, roughly in line with expectations, and delivered a loss per share of $0.03, beating forecasts by 40% on earnings.
4. Analyst Sentiment and Price Targets
The one-year average price target stands at $3.25, reflecting potential upside of over 400%, and the consensus brokerage rating is “Outperform” based on four firms.