Torrid (NYSE:CURV) Posts Earnings Results, Beats Expectations By $0.01 EPS

Torrid (NYSE:CURV) announced its quarterly earnings data on Wednesday. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01, Briefing.com reports. The firm had revenue of $284.60 million for the quarter, compared to the consensus estimate of $282.87 million. Torrid had a negative return on equity of 5.79% and a net margin of 1.05%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. Torrid updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Torrid Trading Down 1.3 %

CURV traded down $0.08 during mid-day trading on Friday, hitting $6.22. 2,518 shares of the stock were exchanged, compared to its average volume of 135,177. The company has a market cap of $649.06 million, a PE ratio of 57.55 and a beta of 2.05. The firm’s fifty day moving average is $7.49 and its two-hundred day moving average is $6.06. Torrid has a 1-year low of $1.21 and a 1-year high of $9.14.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CURV shares. Morgan Stanley lowered shares of Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a report on Thursday, July 18th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $8.00 price target on shares of Torrid in a research report on Wednesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.96.

Torrid Company Profile

Torrid Holdings Inc operates in women's plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid, Torrid Curve, CURV, and Lovesick brand names. It is involved in the sale of tops, bottoms, dresses, denims, activewear, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.