Corsair Gaming (CRSR) Scheduled to Post Quarterly Earnings on Wednesday

Corsair Gaming (NASDAQ:CRSR) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Corsair Gaming (NASDAQ:CRSR) last issued its earnings results on Thursday, August 1st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.12). Corsair Gaming had a negative net margin of 2.83% and a positive return on equity of 2.17%. The business had revenue of $261.30 million for the quarter, compared to analyst estimates of $290.30 million. During the same quarter last year, the firm posted $0.03 earnings per share. Corsair Gaming’s revenue was down 19.7% on a year-over-year basis. On average, analysts expect Corsair Gaming to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Corsair Gaming Stock Performance

NASDAQ:CRSR opened at $6.71 on Monday. The firm has a market capitalization of $698.85 million, a PE ratio of -18.13 and a beta of 1.59. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.26. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $15.07. The firm has a 50-day moving average price of $6.60 and a 200 day moving average price of $8.74.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CRSR shares. Stifel Nicolaus cut their target price on Corsair Gaming from $16.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Wedbush reduced their target price on shares of Corsair Gaming from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird dropped their target price on shares of Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Barclays reduced their price target on shares of Corsair Gaming from $17.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group dropped their price objective on shares of Corsair Gaming from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.60.

About Corsair Gaming

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.