Turtle Beach Corp expected to post a loss of 30 cents a share - Earnings Preview

Turtle Beach

07/08/2024 03:53

* Turtle Beach Corp  HEAR.OQ   HEAR.O  is expected to show a
rise
in quarterly revenue when it reports  results on August 8 for
the period ending June 30 2024
    * The White Plains New York-based  company is expected to
report a
47.2% increase in revenue to $70.65 million from $47.98 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Turtle Beach Corp is for
a
loss of 30 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Turtle
Beach Corp
is $24.00​, above​ its last closing price of $12.77. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.23       -0.22      -0.07     Beat    68.5
 Dec. 31 2024  0.62        0.60       0.56      Missed  -7.1
 Sep. 30 2023  -0.25       -0.25      -0.05     Beat    79.7​
 Jun. 30 2023  -0.34       -0.34      -0.41     Missed  -21.2
 ​​Mar.        -0.37       -0.41      -0.27     Beat    33.9
 31 2023                                                
 Dec. 31 2022  0.19        0.21       0.10      Missed  -51.6​
 Sep. 30 2022  -0.33       -0.37      -0.47     Missed  -25.9
 Jun. 30 2022  -0.47       -0.47      -0.77     Missed  -65
 This summary was machine generated August 7 at 02:53 GMT.  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)