Corsair Gaming (CRSR) to Release Earnings on Tuesday

Corsair Gaming (NASDAQ:CRSR) will be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to post earnings of $0.13 per share for the quarter. Corsair Gaming has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Corsair Gaming (NASDAQ:CRSR) last announced its earnings results on Tuesday, February 13th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). Corsair Gaming had a net margin of 0.15% and a return on equity of 5.13%. The business had revenue of $417.29 million for the quarter, compared to analyst estimates of $435.57 million. On average, analysts expect Corsair Gaming to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Corsair Gaming Stock Up 0.3 %

Shares of NASDAQ CRSR opened at $11.61 on Friday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 387.13 and a beta of 1.61. Corsair Gaming has a 1 year low of $10.59 and a 1 year high of $20.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.70. The stock’s 50-day simple moving average is $11.95 and its 200-day simple moving average is $12.85.

Wall Street Analysts Forecast Growth

CRSR has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their target price on Corsair Gaming from $17.00 to $16.00 and set an “action list buy” rating on the stock in a research report on Wednesday, February 14th. Barclays reduced their price objective on shares of Corsair Gaming from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th. Wedbush reissued an “outperform” rating and issued a $21.00 target price on shares of Corsair Gaming in a research report on Wednesday, February 7th. Finally, Robert W. Baird cut their target price on shares of Corsair Gaming from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.33.

Corsair Gaming Company Profile

Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.