Turtle Beach Corp expected to post a loss of 40 cents a share - Earnings Preview

Turtle Beach

03/05/2023 03:08

* Turtle Beach Corp  HEAR.OQ   HEAR.O  is expected to show a
fall
in quarterly revenue when it reports  results on May 4. 
    * The White Plains New York-based  company is expected to
report 
a 1.3% decrease in revenue to $46.05 million from $46.66 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. The company's guidance on March 13
2023, for the period ended March 31, was for revenue of $54.590
million.
    * ​Refinitiv's mean analyst estimate for Turtle Beach Corp
is for
a loss of 40 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 $10​, below​ its last closing price of $10.81. ​​​

The company's guidance on March 13 2023 for the period ended
March 31 was for gross profit margin of USD25%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2022  -0.53       -0.52      -0.39     Beat    25.3
 ​​Dec.        0.23        0.23       0.16      Missed  -28.9
 31 2021                                                
 Sep. 30 2021  0.05        0.05       0.26      Beat    457.1​
 Jun. 30 2021  -0.10       -0.10      0.14      Beat    236.8
 Mar. 31 2021  0.46        0.46       0.52      Beat    14
 This summary was machine generated May 3 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated