Corsair Gaming Inc reports results for the quarter ended March 31 - Earnings Summary

• Corsair Gaming Inc CRSR.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of six analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 9 cents to 16 cents per share.

• Revenue rose 9.6% to $369.75 million from a year ago; analysts expected $366.21 million.

• Corsair Gaming Inc's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $10.07 million.

• Corsair Gaming Inc shares had fallen by 21.1% this quarter and gained 5.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $12.00

This summary was machine generated from LSEG data May 7 at 12:00 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)