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

Turtle Beach

07/08/2023 23:02

* Turtle Beach Corp  HEAR.OQ  reported a quarterly adjusted
loss
of 41 cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for a loss of 34
cents per share.
    * Revenue rose 16.2% to $47.98 million from a year ago;
analysts
expected $50.43 million. 
    * Turtle Beach Corp's reported EPS for the quarter was a
loss
of 93 cents​.
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Turtle Beach Corp shares had fallen by 3.7% this
quarter and
gained 56.5% so far this year.
    * The company reported a quarterly loss of $15.92 million.
    * Wall Street's median 12-month price target for Turtle
Beach Corp
is $14.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 10:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.34          -0.41          Missed
 Mar. 31 2023      -0.41          -0.27          Beat
 Dec. 31 2022      0.21           0.10           Missed
 Sep. 30 2022      -0.37          -0.47          Missed