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

Corsair Gaming

10/02/2023 24:35

* Corsair Gaming Inc  CRSR.OQ  reported quarterly adjusted
earnings of 20 cents​​ per share for the quarter ended in
December. The mean expectation of seven analysts for the quarter
was for earnings of 16 cents per share.
    * Revenue fell 21.9% to $398.73 million from a year ago;
analysts
expected $379.34 million. 
    * Corsair Gaming Inc's reported EPS for the quarter was 12
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Corsair Gaming Inc shares had risen by 14.3% this quarter.
    * The company reported quarterly net income of $7.12
million.
    * Wall Street's median 12-month price target for Corsair
Gaming
Inc is $16.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
10 at 12:35 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.16           0.20           Beat
 Sep. 30 2022      0.02           0.08           Beat
 Jun. 30 2022      -0.01          -0.20          Missed
 Mar. 31 2022      0.19           0.09           Missed