Wedbush Has Optimistic Outlook of Turtle Beach Q4 Earnings

Key Points

• Wedbush has increased its Q4 2026 earnings estimate for Turtle Beach to $0.85 per share, up from $0.76, while maintaining a "Neutral" rating and a price target of $13.50.
• Turtle Beach reported a quarterly earnings surprise with an EPS of ($0.14), exceeding the consensus estimate by $0.13, although revenue fell short of expectations at $56.78 million.
• Several analysts have differing ratings on Turtle Beach, with Oppenheimer giving an "outperform" rating and a $19.00 price target, while Craig Hallum reduced their target from $23.00 to $16.00 with a "buy" rating.

Turtle Beach Corporation (NASDAQ:TBCH - Free Report) - Investment analysts at Wedbush lifted their Q4 2026 earnings per share estimates for Turtle Beach in a research report issued to clients and investors on Friday, August 8th. Wedbush analyst A. Reese now forecasts that the company will post earnings of $0.85 per share for the quarter, up from their previous forecast of $0.76. Wedbush currently has a "Neutral" rating and a $13.50 price objective on the stock. The consensus estimate for Turtle Beach's current full-year earnings is $1.17 per share.

TBCH has been the topic of a number of other reports. Craig Hallum decreased their price objective on Turtle Beach from $23.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Oppenheimer reiterated an "outperform" rating and set a $19.00 price objective on shares of Turtle Beach in a research note on Friday, August 8th.

Turtle Beach Stock Up 1.8%

Shares of NASDAQ:TBCH traded up $0.29 during midday trading on Monday, reaching $16.11. 53,679 shares of the company traded hands, compared to its average volume of 281,364. The company has a quick ratio of 0.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. Turtle Beach has a 12 month low of $8.78 and a 12 month high of $19.50. The company has a market capitalization of $319.14 million, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 0.90 and a beta of 1.96. The business's fifty day moving average price is $14.02.

Turtle Beach (NASDAQ:TBCH - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.13. The firm had revenue of $56.78 million for the quarter, compared to analyst estimates of $57.23 million. Turtle Beach had a return on equity of 18.23% and a net margin of 5.53%.

Institutional Trading of Turtle Beach

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund bought a new position in Turtle Beach in the 2nd quarter worth about $81,000. AWM Investment Company Inc. bought a new position in Turtle Beach in the 2nd quarter worth about $6,256,000. Formula Growth Ltd. bought a new position in Turtle Beach in the 2nd quarter worth about $1,614,000. Virtus Advisers LLC bought a new position in Turtle Beach in the 2nd quarter worth about $79,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in Turtle Beach in the 2nd quarter worth about $55,000. 67.01% of the stock is currently owned by institutional investors.

About Turtle Beach

Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand.