What is Wedbush's Forecast for Turtle Beach Q3 Earnings?

Key Points

• Wedbush has upgraded its Q3 2025 earnings per share estimate for Turtle Beach to $0.17, up from $0.16, maintaining a "Neutral" rating with a price target of $13.50.
• The company last reported an EPS of ($0.03) for Q2, exceeding expectations, while its revenue reached $63.90 million, surpassing the forecast of $62.33 million.
• Institutional investors hold a significant stake in Turtle Beach, with 67.01% of the company's stock owned by hedge funds and other large investors.

Turtle Beach Corporation (NASDAQ:TBCH - Free Report) - Stock analysts at Wedbush lifted their Q3 2025 earnings per share (EPS) estimates for shares of Turtle Beach in a research note issued on Monday, August 4th. Wedbush analyst A. Reese now expects that the company will post earnings per share of $0.17 for the quarter, up from their previous forecast of $0.16. 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. Wedbush also issued estimates for Turtle Beach's Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $0.64 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.76 EPS, FY2026 earnings at $0.65 EPS and FY2027 earnings at $0.91 EPS.

A number of other equities research analysts have also recently issued reports on TBCH. Craig Hallum reduced their price objective on Turtle Beach from $23.00 to $16.00 and set a "buy" rating for the company in a report on Friday, May 9th. Oppenheimer restated an "outperform" rating and set a $19.00 price objective on shares of Turtle Beach in a research report on Friday.

Turtle Beach Stock Performance

Turtle Beach stock traded up $1.27 during midday trading on Tuesday, reaching $15.68. 560,385 shares of the company's stock were exchanged, compared to its average volume of 205,183. Turtle Beach has a 52 week low of $8.78 and a 52 week high of $19.50. The company has a current ratio of 1.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.38. The company has a market cap of $315.95 million, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.13 and a beta of 1.96. The firm has a 50-day moving average price of $13.72.

Turtle Beach (NASDAQ:TBCH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.13. The company had revenue of $56.78 million during the quarter, compared to analysts' expectations of $57.23 million. Turtle Beach had a return on equity of 18.33% and a net margin of 5.53%.

Institutional Investors Weigh In On Turtle Beach

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBCH. North Star Investment Management Corp. purchased a new stake in Turtle Beach in the 2nd quarter valued at about $3,153,000. Signaturefd LLC purchased a new stake in shares of Turtle Beach during the 2nd quarter worth approximately $41,000. CWM LLC purchased a new stake in shares of Turtle Beach during the 2nd quarter worth approximately $65,000. AlphaQuest LLC purchased a new stake in shares of Turtle Beach during the 2nd quarter worth approximately $52,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Turtle Beach during the 2nd quarter worth approximately $154,000. Hedge funds and other institutional investors own 67.01% of the company's stock.

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.