Turtle Beach Corp reports results for the quarter ended in December - Earnings Summary

Turtle Beach

13/03/2024 22:26

* Turtle Beach Corp  HEAR.OQ  reported quarterly adjusted
earnings
of 56 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 10 cents.  The mean expectation of six analysts
for the quarter was for earnings of 60 cents per share. Wall
Street expected results to range from 49 cents to 75 cents per
share.
    * Revenue fell 1.3% to $99.54 million from a year ago;
analysts
expected $111.60 million. 
    * Turtle Beach Corp's reported EPS for the quarter was 47
cents​.
    * The company reported quarterly net income of $8.55
million.
    * Turtle Beach Corp shares had risen by 0.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 5 "strong buy" or "buy," 1
"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 Turtle Beach Corp
is $14.00 
This summary was machine generated from LSEG data March 13 at
10:26 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
 Dec. 31 2023      0.60           0.56           Missed
 Sep. 30 2023      -0.25          -0.05          Beat
 Jun. 30 2023      -0.34          -0.41          Missed
 Mar. 31 2023      -0.41          -0.27          Beat