Corsair Gaming Inc reports results for the quarter ended in September 30 - Earnings Summary

Corsair Gaming

07/11/2024 05:16

* Corsair Gaming Inc  CRSR.OQ  reported a quarterly adjusted
loss
of 29 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 13 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 6 cents per share. Wall Street
expected results to range from -1 cents to 9 cents per share.
    * Revenue fell 16.2% to $304.20 million from a year ago;
analysts
expected $302.45 million. 
    * Corsair Gaming Inc's reported EPS for the quarter was a
loss
of 56 cents​.
    * The company reported a quarterly loss of $51.71 million.
    * Corsair Gaming Inc shares had risen by 2.3% this
quarter and
lost 49.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 10.00 
This summary was machine generated from LSEG data November 7 at
05:16 a.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
 Sep. 30 2024      0.06           -0.29          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