Corsair Gaming Inc expected to post a loss of 1  cent a share - Earnings Preview

Corsair Gaming

03/08/2022 03:05

* Corsair Gaming Inc  CRSR.OQ   CRSR.O  is expected to show
a fall
in quarterly revenue when it reports  results on August 4. 
    * The Fremont California-based  company is expected to
report  a
33.2% decrease in revenue to $316.059 million from $472.9
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Corsair Gaming Inc
is for
a loss of 1 cent per share. For the same quarter last year, the
company reported earnings of 36 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Corsair
Gaming
Inc is $20​, above​ its last closing price of $15.22. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.09        0.19       0.09      Missed  -53.4
 Dec. 31 2022  0.25        0.25       0.35      Beat    37.7
 Sep. 30 2021  0.22        0.22       0.16      Missed  -26.2​
 Jun. 30 2021  0.39        0.39       0.36      Missed  -7.1
 ​​Mar.        0.32        0.33       0.58      Beat    75
 31 2021                                                
 Dec. 31 2020  0.47        0.46       0.53      Beat    15.2​
 Sep. 30 2020  0.28        0.28       0.54      Beat    95.4
 This summary was machine generated August 3 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated