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

Corsair Gaming

13/02/2024 22:02

* Corsair Gaming Inc  CRSR.OQ  reported quarterly adjusted
earnings of 22 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 20 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 25 cents per
share. Wall Street expected results to range from 21 cents to 26
cents per share.
    * Revenue rose 4.7% to $417.29 million from a year ago;
analysts
expected $428.66 million. 
    * Corsair Gaming Inc's reported EPS for the quarter was 6
cents​.
    * The company reported quarterly net income of $6.22
million.
    * Corsair Gaming Inc shares had fallen by 4.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $17.00 
This summary was machine generated from LSEG data February 13 at
10:01 p.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 2023      0.25           0.22           Missed
 Sep. 30 2023      0.13           0.13           Met
 Jun. 30 2023      0.09           0.09           Met
 Mar. 31 2023      0.10           0.11           Beat