Turtle Beach Corp reports results for the quarter ended June 30 - Earnings Summary

• Turtle Beach Corp TBCH.OQ reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -30 cents. The mean expectation of five analysts for the quarter was for a loss of 33 cents per share. Wall Street expected results to range from -57 cents to -17 cents per share.

• Revenue fell 25.8% to $56.78 million from a year ago; analysts expected $56.34 million.

• Turtle Beach Corp's reported EPS for the quarter was a loss of 14 cents​.

• The company reported a quarterly loss of $2.93 million.

• Turtle Beach Corp shares had risen by 4.5% this quarter and lost 16.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 83.1% 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 4 "strong buy" or "buy," 1 "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 Turtle Beach Corp is $17.50, about 17.7% above its last closing price of $14.41

This summary was machine generated from LSEG data August 8 at 03:15 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)