Corsair Gaming (NASDAQ:CRSR - Get Free Report) is anticipated to post its Q2 2025 quarterly earnings results before the market opens on Thursday, August 7th. Analysts expect Corsair Gaming to post earnings of $0.01 per share and revenue of $312.38 million for the quarter.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The firm had revenue of $369.75 million for the quarter, compared to analysts' expectations of $366.20 million. Corsair Gaming had a negative return on equity of 4.65% and a negative net margin of 7.20%. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. On average, analysts expect Corsair Gaming to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Corsair Gaming Price Performance
Corsair Gaming stock remained flat at $9.06 during midday trading on Thursday. The company had a trading volume of 466,477 shares, compared to its average volume of 408,134. The stock has a fifty day simple moving average of $9.29 and a two-hundred day simple moving average of $9.07. The company has a market cap of $958.73 million, a P/E ratio of -9.74 and a beta of 1.77. The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $13.02.
Wall Street Analyst Weigh In
Several research firms recently commented on CRSR. The Goldman Sachs Group reduced their price target on Corsair Gaming from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wedbush reissued an "outperform" rating and set a $13.00 price target on shares of Corsair Gaming in a research report on Monday, May 5th. Barclays reduced their price target on Corsair Gaming from $12.00 to $10.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Robert W. Baird set a $10.00 price target on Corsair Gaming in a research report on Wednesday, May 7th. Finally, Wall Street Zen raised Corsair Gaming from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.83.
Check Out Our Latest Stock Report on CRSR
Hedge Funds Weigh In On Corsair Gaming
A number of institutional investors have recently made changes to their positions in CRSR. Goldman Sachs Group Inc. raised its position in shares of Corsair Gaming by 83.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 449,779 shares of the company's stock valued at $3,985,000 after acquiring an additional 204,351 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Corsair Gaming by 12.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 95,538 shares of the company's stock valued at $846,000 after acquiring an additional 10,620 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Corsair Gaming by 428.8% during the 1st quarter. AQR Capital Management LLC now owns 92,778 shares of the company's stock valued at $822,000 after acquiring an additional 75,232 shares in the last quarter. 25.66% of the stock is owned by institutional investors and hedge funds.
About Corsair Gaming
(
Get Free Report)
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.
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