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

Corsair Gaming

07/05/2024 23:20

* Corsair Gaming Inc  CRSR.OQ  reported quarterly adjusted
earnings of 9 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 11 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 14 cents per share. Wall Street
expected results to range from 11 cents to 20 cents per share.
    * Revenue fell 4.7% to $337.26 million from a year ago;
analysts
expected $362.82 million. 
    * Corsair Gaming Inc's reported EPS for the quarter was a
loss
of 12 cents​.
    * The company reported a quarterly loss of $12.54 million.
    * Corsair Gaming Inc shares had fallen by 5.5% this
quarter and
lost 17.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.8%
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." 
    * Wall Street's median 12-month price target for Corsair
Gaming
Inc is $16.00 

This summary was machine generated from LSEG data May 7 at 10:20
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
 Mar. 31 2024      0.14           0.09           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