B. Riley Forecasts Corsair Gaming FY2025 Earnings

Key Points

• B. Riley has projected that Corsair Gaming will achieve an earnings per share of $0.20 for FY2025, slightly below the consensus estimate of $0.22.
• The stock currently has a consensus rating of "Hold" and a target price of $10.00, with mixed ratings from other analysts including a strong buy from Barclays.
• Corsair Gaming’s shares recently opened at $8.03, with a 52-week range of $5.64 to $13.02, reflecting varying performance in the gaming market.

Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) - Analysts at B. Riley issued their FY2025 earnings estimates for Corsair Gaming in a research report issued on Wednesday, October 1st. B. Riley analyst D. Crum expects that the company will post earnings per share of $0.20 for the year. B. Riley currently has a "Neutral" rating and a $10.00 target price on the stock. The consensus estimate for Corsair Gaming's current full-year earnings is $0.22 per share. B. Riley also issued estimates for Corsair Gaming's FY2026 earnings at $0.37 EPS.

Other analysts have also issued research reports about the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Corsair Gaming in a report on Saturday, September 27th. Wall Street Zen raised shares of Corsair Gaming from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Finally, Barclays raised shares of Corsair Gaming to a "strong-buy" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $9.86.

Corsair Gaming Trading Up 0.8%

Shares of NASDAQ:CRSR opened at $8.03 on Monday. Corsair Gaming has a 52-week low of $5.64 and a 52-week high of $13.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.45. The company has a market cap of $851.50 million, a P/E ratio of -9.91 and a beta of 1.76. The stock's 50-day moving average is $8.78 and its 200-day moving average is $8.56.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. The business had revenue of $320.11 million for the quarter, compared to analyst estimates of $312.38 million. Corsair Gaming had a negative net margin of 6.00% and a negative return on equity of 3.12%. Corsair Gaming's revenue was up 22.5% compared to the same quarter last year. During the same period last year, the business posted ($0.07) EPS. Corsair Gaming has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Corsair Gaming

Institutional investors have recently bought and sold shares of the business. Virtus Advisers LLC bought a new stake in shares of Corsair Gaming during the second quarter worth $45,000. Ameritas Investment Partners Inc. grew its holdings in Corsair Gaming by 30.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,765 shares of the company's stock worth $45,000 after acquiring an additional 1,120 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Corsair Gaming by 245.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company's stock worth $49,000 after acquiring an additional 3,681 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Corsair Gaming by 24.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company's stock worth $74,000 after acquiring an additional 1,551 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Corsair Gaming by 70.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,632 shares of the company's stock valued at $81,000 after acquiring an additional 3,571 shares in the last quarter. Institutional investors own 25.66% of the company's stock.

Corsair Gaming Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.