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

Corsair Gaming

06/05/2022 18:49

* Corsair Gaming Inc  CRSR.OQ  reported quarterly adjusted
earnings of 9 cents​​ per share for the quarter ended in March.
The mean expectation of nine analysts for the quarter was
for earnings of 19 cents per share.
    * Revenue fell 28.1% to $380.69 million from a year ago; 
analysts
expected $408.81 million. 
    * Corsair Gaming Inc's reported EPS for the quarter was a
loss
of 5 cents​.
    * The mean earnings estimate of analysts had fallen by
about 47.3%
in the last three months.​ 
    * In the last 30 days five analysts negatively revised
earnings
estimates 
    * Corsair Gaming Inc shares had fallen by 26.6% this
quarter and
lost 26.0% so far this year.
    * The company reported quarterly net income of $5.13
million.
    * Wall Street's median 12-month price target for Corsair
Gaming
Inc is $21.00 
    * 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 May 6 at 05:49 p.m.  ​All
figures in US dollars unless otherwise stated