Corsair Gaming (NASDAQ:CRSR) Announces Earnings Results, Misses Expectations By $0.02 EPS

Corsair Gaming (NASDAQ:CRSR) released its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02), Briefing.com reports. The business had revenue of $345.76 million for the quarter, compared to the consensus estimate of $354.04 million. Corsair Gaming had a negative return on equity of 3.12% and a negative net margin of 6.00%.The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.29) earnings per share. Corsair Gaming updated its FY 2025 guidance to EPS.

Corsair Gaming Trading Down 7.3%

Shares of NASDAQ:CRSR opened at $7.52 on Wednesday. The company has a market capitalization of $797.42 million, a P/E ratio of -9.28 and a beta of 1.84. Corsair Gaming has a 1 year low of $5.64 and a 1 year high of $13.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 0.75. The business’s 50 day simple moving average is $8.41 and its 200 day simple moving average is $8.63.

Analyst Ratings Changes

Several research firms have recently issued reports on CRSR. Barclays upgraded Corsair Gaming to a “strong-buy” rating in a research report on Friday, August 8th. Craig Hallum initiated coverage on Corsair Gaming in a report on Wednesday, October 8th. They set a “buy” rating and a $12.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Corsair Gaming in a report on Wednesday, October 8th. Finally, B. Riley began coverage on Corsair Gaming in a report on Thursday, October 2nd. They issued a “neutral” rating and a $10.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Corsair Gaming has an average rating of “Hold” and an average price target of $10.13.

Institutional Investors Weigh In On Corsair Gaming

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in shares of Corsair Gaming by 24.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company’s stock valued at $74,000 after purchasing an additional 1,551 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Corsair Gaming by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 122,484 shares of the company’s stock valued at $1,155,000 after purchasing an additional 1,592 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Corsair Gaming by 4.9% in the 2nd quarter. Prudential Financial Inc. now owns 47,932 shares of the company’s stock valued at $452,000 after purchasing an additional 2,246 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Corsair Gaming by 15.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 25,289 shares of the company’s stock valued at $238,000 after purchasing an additional 3,454 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Corsair Gaming by 245.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock valued at $49,000 after purchasing an additional 3,681 shares in the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

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.