Turtle Beach Corp reports results for the quarter ended in September 30 - Earnings Summary

Turtle Beach

08/11/2024 04:25

* Turtle Beach Corp  HEAR.OQ  reported quarterly adjusted
earnings
of 16 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -5 cents.  The mean expectation of six analysts
for the quarter was for earnings of 15 cents per share. Wall
Street expected results to range from zero cents to 28 cents per
share.
    * Revenue rose 59.5% to $94.36 million from a year ago;
analysts
expected $87.42 million. 
    * Turtle Beach Corp's reported EPS for the quarter was 16
cents​.
    * The company reported quarterly net income of $3.41
million.
    * Turtle Beach Corp shares had risen by 3.4% this
quarter and
gained 44.8% 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
"strong buy"
and the breakdown of recommendations is 6 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the computer
hardware
peer group is  "buy."

Wall Street's median 12-month price target for Turtle Beach Corp
is $22.50 
This summary was machine generated from LSEG data November 8 at
04:24 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
 Sep. 30 2024      0.15           0.16           Beat
 Jun. 30 2024      -0.30          -0.30          Met
 Mar. 31 2024      -0.22          -0.07          Beat
 Dec. 31 2023      0.60           0.56           Missed