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

Torrid (NYSE:CURV) posted its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04, Briefing.com reports. The firm had revenue of $275.60 million during the quarter, compared to analysts’ expectations 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 firm earned ($0.04) EPS. Torrid updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Torrid Stock Performance

Shares of CURV opened at $5.76 on Friday. The stock has a market cap of $603.09 million, a P/E ratio of 38.38, a P/E/G ratio of 1.03 and a beta of 1.99. The stock has a 50-day moving average of $6.10 and a two-hundred day moving average of $4.96. Torrid has a one year low of $2.18 and a one year high of $9.14.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Bank of America began coverage on Torrid in a research report on Friday, December 6th. They issued a “buy” rating and a $5.00 price objective for the company. Telsey Advisory Group lifted their price target on Torrid from $5.00 to $6.00 and gave the stock a “market perform” rating in a research report on Friday. The Goldman Sachs Group lifted their price target on Torrid from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Morgan Stanley lifted their price target on Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Torrid has an average rating of “Hold” and a consensus price target of $5.00.

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.