Corsair Gaming (CRSR) Scheduled to Post Quarterly Earnings on Wednesday

Corsair Gaming (NASDAQ:CRSR - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Corsair Gaming has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.12). Corsair Gaming had a positive return on equity of 2.17% and a negative net margin of 2.83%. The company had revenue of $261.30 million during the quarter, compared to analyst estimates of $290.30 million. During the same quarter last year, the business earned $0.03 earnings per share. The firm's revenue for the quarter was down 19.7% on a year-over-year basis. On average, analysts expect Corsair Gaming to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Corsair Gaming Stock Performance

Corsair Gaming stock traded down $0.14 during mid-day trading on Wednesday, reaching $6.60. 248,594 shares of the company traded hands, compared to its average volume of 443,641. Corsair Gaming has a fifty-two week low of $5.59 and a fifty-two week high of $15.07. The firm's fifty day moving average is $6.60 and its two-hundred day moving average is $8.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.80 and a quick ratio of 0.97. The company has a market capitalization of $687.36 million, a price-to-earnings ratio of -17.84 and a beta of 1.58.

Wall Street Analyst Weigh In

CRSR has been the topic of a number of research reports. Stifel Nicolaus cut their price objective on Corsair Gaming from $16.00 to $11.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Barclays dropped their price objective on shares of Corsair Gaming from $17.00 to $14.00 and set an "overweight" rating on the stock in a report on Friday, August 2nd. Wedbush decreased their target price on shares of Corsair Gaming from $13.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Robert W. Baird lowered their price target on shares of Corsair Gaming from $10.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group reduced their price objective on Corsair Gaming from $13.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.60.

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.