Corsair Gaming (CRSR) to Release Quarterly Earnings on Tuesday

Corsair Gaming (NASDAQ:CRSR) will 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.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.16 EPS 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 firm had revenue of $417.29 million for the quarter, compared to analysts’ expectations 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 Down 0.8 %

NASDAQ:CRSR traded down $0.09 during mid-day trading on Tuesday, hitting $11.18. 53,203 shares of the company’s stock were exchanged, compared to its average volume of 345,296. Corsair Gaming has a one year low of $10.59 and a one year high of $20.72. The business has a fifty day moving average price of $12.10 and a 200 day moving average price of $12.90. The company has a market cap of $1.16 billion, a PE ratio of 375.79 and a beta of 1.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.13.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CRSR shares. Stifel Nicolaus dropped their price target on shares of Corsair Gaming from $17.00 to $16.00 and set an “action list buy” rating on the stock in a research note on Wednesday, February 14th. Barclays decreased their price objective on 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 restated an “outperform” rating and set a $21.00 target price on shares of Corsair Gaming in a research note on Wednesday, February 7th. Finally, Robert W. Baird lowered 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 equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Corsair Gaming has a consensus rating of “Moderate Buy” and an average price target of $16.33.

About Corsair Gaming

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.