Corsair Gaming (CRSR) Set to Announce Quarterly Earnings on Tuesday

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

Corsair Gaming (NASDAQ:CRSR) last released its earnings results on Tuesday, February 13th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $417.29 million for the quarter, compared to analyst estimates of $435.57 million. Corsair Gaming had a net margin of 0.15% and a return on equity of 5.13%. 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 Trading Up 0.3 %

Shares of NASDAQ:CRSR opened at $11.61 on Monday. The company has a 50 day moving average of $11.95 and a 200-day moving average of $12.84. The company has a current ratio of 1.70, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.21 billion, a P/E ratio of 387.00 and a beta of 1.61. Corsair Gaming has a twelve month low of $10.59 and a twelve month high of $20.72.

Analyst Upgrades and Downgrades

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