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

Turtle Beach

04/05/2023 22:50

* Turtle Beach Corp  HEAR.OQ  reported a quarterly adjusted
loss
of 27 cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for a loss of 40
cents per share.
    * Revenue rose 10.2% to $51.44 million from a year ago;
analysts
expected $46.05 million. 
    * Turtle Beach Corp's reported EPS for the quarter was a
loss
of 40 cents​.
    * The mean earnings estimate of analysts had fallen by
about 7% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Turtle Beach Corp shares had risen by 12.6% this
quarter and
gained 57.3% so far this year.
    * The company reported a quarterly loss of $6.71 million.
    * Wall Street's median 12-month price target for Turtle
Beach Corp
is $10.00 
    * 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 May
4 at 09:50 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.40          -0.27          Beat
 Dec. 31 2022      0.21           0.10           Missed
 Sep. 30 2022      -0.37          -0.47          Missed
 Jun. 30 2022      -0.47          -0.77          Missed