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

Corsair Gaming

01/08/2024 22:54

* Corsair Gaming Inc  CRSR.OQ  reported a quarterly adjusted
loss
of 7 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 9
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 5 cents per share. Wall Street expected
results to range from -11 cents to 13 cents per share.
    * Revenue fell 19.7% to $261.30 million from a year ago;
analysts
expected $290.30 million. 
    * Corsair Gaming Inc's reported EPS for the quarter was a
loss
of 28 cents​.
    * The company reported a quarterly loss of $29.58 million.
    * Corsair Gaming Inc shares had fallen by 25.6% this
quarter and
lost 41.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 57.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

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 $13.00 
This summary was machine generated from LSEG data August 1 at
09:53 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
 Jun. 30 2024      0.05           -0.07          Missed
 Mar. 31 2024      0.14           0.09           Missed
 Dec. 31 2023      0.25           0.22           Missed
 Sep. 30 2023      0.13           0.13           Met