What is Wedbush's Forecast for Corsair Gaming Q1 Earnings?

Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) - Stock analysts at Wedbush lifted their Q1 2025 earnings per share (EPS) estimates for shares of Corsair Gaming in a research note issued to investors on Thursday, February 13th. Wedbush analyst A. Reese now anticipates that the company will earn $0.04 per share for the quarter, up from their prior estimate of $0.03. Wedbush currently has a "Outperform" rating and a $12.00 target price on the stock. The consensus estimate for Corsair Gaming's current full-year earnings is $0.22 per share. Wedbush also issued estimates for Corsair Gaming's FY2025 earnings at $0.19 EPS, FY2026 earnings at $0.59 EPS and FY2027 earnings at $0.67 EPS.

Several other analysts have also recently commented on CRSR. TD Cowen reduced their price objective on shares of Corsair Gaming from $10.00 to $9.00 and set a "hold" rating for the company in a research note on Thursday, November 7th. Barclays raised their price target on shares of Corsair Gaming from $9.00 to $12.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Macquarie decreased their target price on shares of Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Robert W. Baird increased their price objective on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their price target on shares of Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $10.14.

Corsair Gaming Stock Performance

Shares of Corsair Gaming stock traded up $0.02 during trading hours on Monday, hitting $12.53. 1,116,414 shares of the company were exchanged, compared to its average volume of 1,202,897. The business has a 50-day moving average of $8.42 and a 200-day moving average of $7.34. Corsair Gaming has a 1 year low of $5.59 and a 1 year high of $13.53. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -13.19 and a beta of 1.68.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in shares of Corsair Gaming by 220.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company's stock valued at $33,000 after acquiring an additional 3,414 shares in the last quarter. BNP Paribas bought a new position in Corsair Gaming during the 4th quarter valued at $33,000. FMR LLC boosted its stake in Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company's stock valued at $34,000 after acquiring an additional 2,291 shares during the last quarter. Quarry LP acquired a new position in Corsair Gaming during the 4th quarter worth $34,000. Finally, GAMMA Investing LLC grew its stake in Corsair Gaming by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company's stock worth $44,000 after purchasing an additional 1,971 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.