Torrid (NYSE:CURV) Posts Earnings Results, Beats Estimates By $0.04 EPS

Torrid (NYSE:CURV) issued its earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.04, Briefing.com reports. The business had revenue of $275.60 million for the quarter, compared to analyst estimates of $263.34 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) EPS. Torrid updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Torrid Stock Down 0.6 %

CURV traded down $0.04 on Thursday, hitting $5.57. 290,217 shares of the company traded hands, compared to its average volume of 336,627. Torrid has a 12-month low of $2.18 and a 12-month high of $9.14. The company has a 50 day moving average of $6.10 and a 200-day moving average of $4.96. The stock has a market capitalization of $582.97 million, a PE ratio of 37.10, a PEG ratio of 1.03 and a beta of 1.99.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Telsey Advisory Group restated a “market perform” rating and set a $5.00 price objective on shares of Torrid in a research report on Friday, March 14th. The Goldman Sachs Group boosted their price target on shares of Torrid from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Morgan Stanley raised their price objective on Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Tuesday, January 21st. Finally, Bank of America initiated coverage on Torrid in a report on Friday, December 6th. They issued a “buy” rating and a $5.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.63.

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.