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

Corsair Gaming

10/05/2023 22:03

* Corsair Gaming Inc  CRSR.OQ  reported quarterly adjusted
earnings of 11 cents​​ per share for the quarter ended in March.
The mean expectation of eight analysts for the quarter was
for earnings of 10 cents per share.
    * Revenue fell 7% to $353.96 million from a year ago;
analysts
expected $352.21 million. 
    * Corsair Gaming Inc's reported EPS for the quarter was a
loss of
1 cent​.
    * The mean earnings estimate of analysts had fallen by
about 42.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Corsair Gaming Inc shares had fallen by 4.3% this
quarter and
gained 29.4% so far this year.
    * The company reported a quarterly loss of $1.05 million.
    * Wall Street's median 12-month price target for Corsair
Gaming
Inc is $17.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.10           0.11           Beat
 Dec. 31 2022      0.16           0.20           Beat
 Sep. 30 2022      0.02           0.08           Beat
 Jun. 30 2022      -0.01          -0.20          Missed