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

Corsair Gaming

04/08/2022 22:02

* Corsair Gaming Inc  CRSR.OQ  reported a quarterly adjusted
loss
of 20 cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for a loss of
one cent per share.
    * Revenue fell 40% to $283.91 million from a year ago;
analysts
expected $320.06 million. 
    * Corsair Gaming Inc's reported EPS for the quarter was a
loss
of 62 cents​.
    * The mean earnings estimate of analysts had fallen by
about 101.9% in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Corsair Gaming Inc shares had risen by 18.5% this
quarter and
lost 25.9% so far this year.
    * The company reported a quarterly loss of $52.84 million.
    * Wall Street's median 12-month price target for Corsair
Gaming
Inc is $20.00 
    * 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." 

This summary was machine generated from Refinitiv data August 4
at 09:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.01          -0.20          Missed
 Mar. 31 2022      0.19           0.09           Missed
 Dec. 31 2021      0.25           0.35           Beat
 Sep. 30 2021      0.22           0.16           Missed