Corsair Gaming Inc reports results for the quarter ended December 31 - Earnings Summary

Corsair Gaming

13/02/2025 01:01

* Corsair Gaming Inc  CRSR.OQ  reported quarterly adjusted
earnings of 23 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 22 cents.  The mean expectation of six analysts
for the quarter was for earnings of 16 cents per share. Wall
Street expected results to range from 13 cents to 19 cents per
share.
    * Revenue fell 0.9% to $413.62 million from a year ago;
analysts
expected $387.90 million. 
    * Corsair Gaming Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $1.34
million.
    * Corsair Gaming Inc shares had risen by 50.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the computer
hardware
peer group is also "buy"

Wall Street's median 12-month price target for Corsair Gaming
Inc is $9.00 
This summary was machine generated from LSEG data February 13 at
01:00 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.16           0.23           Beat
 Sep. 30 2024      0.06           -0.29          Missed
 Jun. 30 2024      0.05           -0.07          Missed
 Mar. 31 2024      0.14           0.09           Missed