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

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

Torrid Stock Performance

Shares of CURV traded down $0.04 during midday trading on Thursday, hitting $5.57. The company had a trading volume of 290,217 shares, compared to its average volume of 336,627. The company’s 50-day simple moving average is $6.10 and its 200-day simple moving average is $4.96. The firm has a market capitalization of $582.97 million, a P/E ratio of 37.10, a P/E/G ratio of 1.03 and a beta of 1.99. Torrid has a 1 year low of $2.18 and a 1 year high of $9.14.

Wall Street Analysts Forecast Growth

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

About Torrid

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.