Factors Likely to Have Influenced Earnings Results Corsair Gaming (NASDAQ:CRSR)

Earnings results for Corsair Gaming (NASDAQ:CRSR)

Corsair Gaming, Inc. is expected* to report earnings on 05/04/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.3.

Corsair Gaming last released its earnings results on February 8th, 2021. The reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The business earned $556.30 million during the quarter, compared to analysts’ expectations of $530 million. Its revenue for the quarter was up 70.4% compared to the same quarter last year. Corsair Gaming has generated $0.00 earnings per share over the last year. Corsair Gaming has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. Corsair Gaming will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Corsair Gaming (NASDAQ:CRSR)

9 Wall Street analysts have issued ratings and price targets for Corsair Gaming in the last 12 months. Their average twelve-month price target is $45.11, predicting that the stock has a possible upside of 35.96%. The high price target for CRSR is $55.00 and the low price target for CRSR is $24.00. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Corsair Gaming has received a consensus rating of Buy. The company’s average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $45.11, Corsair Gaming has a forecasted upside of 36.0% from its current price of $33.18. Corsair Gaming has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Corsair Gaming (NASDAQ:CRSR)

Corsair Gaming does not currently pay a dividend. Corsair Gaming does not have a long track record of dividend growth.

Insiders buying/selling: Corsair Gaming (NASDAQ:CRSR)

In the past three months, Corsair Gaming insiders have not sold or bought any company stock. Only 13.32% of the stock of Corsair Gaming is held by institutions.

Earnings and Valuation of Corsair Gaming (NASDAQ:CRSR

Earnings for Corsair Gaming are expected to decrease by -3.62% in the coming year, from $1.38 to $1.33 per share.

More latest stories: here