Corsair Gaming (NASDAQ:CRSR) Releases Quarterly Earnings Results, Beats Estimates By $0.25 EPS


Share on StockTwits

Corsair Gaming (NASDAQ:CRSR) released its quarterly earnings results on Tuesday. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.33 by $0.25, MarketWatch Earnings reports. The firm had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $453.27 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The company’s quarterly revenue was up 201.0% on a year-over-year basis. Corsair Gaming updated its FY 2021 guidance to – EPS.

Corsair Gaming stock traded down $0.85 during midday trading on Tuesday, reaching $32.59. The company’s stock had a trading volume of 3,354,157 shares, compared to its average volume of 2,473,979. Corsair Gaming has a fifty-two week low of $14.09 and a fifty-two week high of $51.37. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.95. The business has a 50-day simple moving average of $33.22 and a 200-day simple moving average of $34.96.

Several research analysts have recently commented on CRSR shares. Macquarie raised their price target on Corsair Gaming from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 10th. Zacks Investment Research upgraded Corsair Gaming from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Monday. Wedbush lifted their target price on Corsair Gaming from $49.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, February 10th. The Goldman Sachs Group lowered Corsair Gaming from a “buy” rating to a “neutral” rating and lifted their target price for the company from $35.00 to $44.00 in a report on Wednesday, February 10th. Finally, Credit Suisse Group lifted their target price on Corsair Gaming from $41.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, February 10th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Corsair Gaming currently has a consensus rating of “Buy” and an average target price of $44.30.

Corsair Gaming Company Profile

Corsair Gaming, Inc, together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software.

Recommended Story: Index Funds

Receive News & Ratings for Corsair Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corsair Gaming and related companies with MarketBeat.com's FREE daily email newsletter.