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

Turtle Beach

09/08/2024 03:12

* Turtle Beach Corp  HEAR.OQ  reported a quarterly adjusted
loss
of 30 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of -41 cents.  The mean expectation of six analysts for the
quarter was for a loss of 30 cents per share. Wall Street
expected results to range from -41 cents to -18 cents per share.
    * Revenue rose 59.4% to $76.48 million from a year ago;
analysts
expected $70.65 million. 
    * Turtle Beach Corp's reported EPS for the quarter was a
loss
of 35 cents​.
    * The company reported a quarterly loss of $7.52 million.
    * Turtle Beach Corp shares had fallen by 12.8% this
quarter and
gained 14.2% so far this year.

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 $24.00 
This summary was machine generated from LSEG data August 9 at
02:12 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
 Jun. 30 2024      -0.30          -0.30          Met
 Mar. 31 2024      -0.22          -0.07          Beat
 Dec. 31 2023      0.60           0.56           Missed
 Sep. 30 2023      -0.25          -0.05          Beat