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

Turtle Beach

09/08/2022 05:05

* Turtle Beach Corp  HEAR.OQ  reported a quarterly adjusted
loss
of 77 cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for a loss of 47
cents per share.
    * Revenue fell 47.4% to $41.30 million from a year ago;
analysts
expected $49.20 million. 
    * Turtle Beach Corp's reported EPS for the quarter was a
loss of
$1.08​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Turtle Beach Corp shares had risen by 15.5% this
quarter and
lost 36.6% so far this year.
    * The company reported a quarterly loss of $17.83 million.
    * Wall Street's median 12-month price target for Turtle
Beach Corp
is $26.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 6 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 9
at 04:04 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.47          -0.77          Missed
 Mar. 31 2022      -0.52          -0.40          Beat
 Dec. 31 2021      0.23           0.16           Missed
 Sep. 30 2021      0.05           0.26           Beat