Corsair Gaming Inc reports results for the quarter ended in September 30 - Earnings Summary

• Corsair Gaming Inc CRSR.OQ reported a quarterly adjusted loss of 29 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of seven analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from -1 cents to 9 cents per share.

• Revenue fell 16.2% to $304.20 million from a year ago; analysts expected $302.45 million.

• Corsair Gaming Inc's reported EPS for the quarter was a loss of 56 cents​.

• The company reported a quarterly loss of $51.71 million.

• Corsair Gaming Inc shares had risen by 2.3% this quarter and lost 49.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the computer hardware peer group is also "buy"

Wall Street's median 12-month price target for Corsair Gaming Inc is 10.00

This summary was machine generated from LSEG data November 7 at 05:16 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)