Turtle Beach Corp reports results for the quarter ended in January - Earnings Summary

Reuters
2024-08-09

* Turtle Beach Corp reported a quarterly adjusted loss of 30 cents​​ per share for the quarter ended in January, higher than the same quarter last year, when the company reported EPS of -41 cents. The mean expectation of six analysts for the quarter was for a loss of 30 cents per share. Wall Street expected results to range from -41 cents to -18 cents per share.

* Revenue rose 59.4% to $76.48 million from a year ago; analysts expected $70.65 million.

* Turtle Beach Corp's reported EPS for the quarter was a loss of 35 cents​.

* The company reported a quarterly loss of $7.52 million.

* Turtle Beach Corp shares had fallen by 12.8% this quarter and gained 14.2% 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 5 "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 $24.00 This summary was machine generated from LSEG data August 9 at 02:12 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Jun. 30 2024 -0.30 -0.30 Met

Mar. 31 2024 -0.22 -0.07 Beat

Dec. 31 2023 0.60 0.56 Missed

Sep. 30 2023 -0.25 -0.05 Beat

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