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

Corsair Gaming

03/11/2022 21:04

* Corsair Gaming Inc  CRSR.OQ  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in
September. The mean expectation of eight analysts for the
quarter was for earnings of 2 cents per share.
    * Revenue fell 20.3% to $311.77 million from a year ago;
analysts
expected $299.92 million. 
    * Corsair Gaming Inc's reported EPS for the quarter was a
loss
of 9 cents​.
    * The mean earnings estimate of analysts had fallen by
about 89.1%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Corsair Gaming Inc shares had risen by 11.6% this
quarter and
lost 39.7% so far this year.
    * The company reported a quarterly loss of $5.95 million.
    * Wall Street's median 12-month price target for Corsair
Gaming
Inc is $17.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
3 at 09:03 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.02           0.08           Beat
 Jun. 30 2022      -0.01          -0.20          Missed
 Mar. 31 2022      0.19           0.09           Missed
 Dec. 31 2021      0.25           0.35           Beat