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

• Corsair Gaming Inc CRSR.OQ reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of six analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from zero cents to 5 cents per share.

• Revenue rose 22.5% to $320.11 million from a year ago; analysts expected $311.10 million.

• Corsair Gaming Inc's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $17 million.

• Corsair Gaming Inc shares had fallen by 5.5% this quarter and gained 34.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 $10.50, about 15.6% above its last closing price of $8.86

This summary was machine generated from LSEG data August 8 at 03:20 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)