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Factors Setting the Tone for Corsair (CRSR) Q4 Earnings
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Corsair Gaming, Inc. (CRSR - Free Report) is scheduled to report fourth-quarter 2020 results on Feb 9, 2021. In the last reported quarter, the company delivered an earnings surprise of 92.9%.
Let's take a look at how things have shaped up in the quarter.
Factors to Note
Increased focus on creating innovative gaming and streaming gear such as gaming mouse, keyboards, headsets and performance controllers are likely to have driven Corsair’s performance in the fourth quarter. The company’s top line is likely to reflect robust performance of gamer and creator peripherals as well as the gaming components and the systems segments. The company is also benefiting from new product launches. In the last quarter, the company launched two new microphones under our Elgato brand, Wave 1 and Wave 3.
This along with rise in seasonal sales (such as “Black Friday,” “Cyber Monday” and “Singles Day” in China) are likely to get reflected in the fourth quarter top line. Also, expansion initiatives into new gear and services such as gaming PC peripherals, streaming accessories, pre-built as well as gaming PCs and laptops are encouraging. Notably, the company expects 2020 revenues in the range of $1,616-$1,631 million.
However, disruptions in supply chain due to the coronavirus pandemic and increased product development costs are likely to have hurt margins in the to-be-reported quarter.
Zacks Model Shows likely Earnings Beat
Our proven model predicts that Corsair is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
The company has an Earnings ESP of +14.29%. The Most Accurate Estimate is at 54 cents, while the Zacks Consensus Estimate is pegged at 47 cents.
The company carries a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks With Favorable Combination
Here are some other stocks from the Zacks Consumer Discretionary space that investors may consider, as our model shows that these have the right combination of elements to deliver an earnings beat this time around.
Mattel, Inc. (MAT - Free Report) has a Zacks Rank #3 and an Earnings ESP of +9.29%.
Guess’, Inc. (GES - Free Report) has a Zacks Rank #3 and an Earnings ESP of +2.91%.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Factors Setting the Tone for Corsair (CRSR) Q4 Earnings
Corsair Gaming, Inc. (CRSR - Free Report) is scheduled to report fourth-quarter 2020 results on Feb 9, 2021. In the last reported quarter, the company delivered an earnings surprise of 92.9%.
Let's take a look at how things have shaped up in the quarter.
Factors to Note
Increased focus on creating innovative gaming and streaming gear such as gaming mouse, keyboards, headsets and performance controllers are likely to have driven Corsair’s performance in the fourth quarter. The company’s top line is likely to reflect robust performance of gamer and creator peripherals as well as the gaming components and the systems segments. The company is also benefiting from new product launches. In the last quarter, the company launched two new microphones under our Elgato brand, Wave 1 and Wave 3.
This along with rise in seasonal sales (such as “Black Friday,” “Cyber Monday” and “Singles Day” in China) are likely to get reflected in the fourth quarter top line. Also, expansion initiatives into new gear and services such as gaming PC peripherals, streaming accessories, pre-built as well as gaming PCs and laptops are encouraging. Notably, the company expects 2020 revenues in the range of $1,616-$1,631 million.
However, disruptions in supply chain due to the coronavirus pandemic and increased product development costs are likely to have hurt margins in the to-be-reported quarter.
Zacks Model Shows likely Earnings Beat
Our proven model predicts that Corsair is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
Corsair Gaming, Inc. Price and EPS Surprise
Corsair Gaming, Inc. price-eps-surprise | Corsair Gaming, Inc. Quote
The company has an Earnings ESP of +14.29%. The Most Accurate Estimate is at 54 cents, while the Zacks Consensus Estimate is pegged at 47 cents.
The company carries a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks With Favorable Combination
Here are some other stocks from the Zacks Consumer Discretionary space that investors may consider, as our model shows that these have the right combination of elements to deliver an earnings beat this time around.
MGM Resorts International (MGM - Free Report) has a Zacks Rank #3 and an Earnings ESP of +3.54%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Mattel, Inc. (MAT - Free Report) has a Zacks Rank #3 and an Earnings ESP of +9.29%.
Guess’, Inc. (GES - Free Report) has a Zacks Rank #3 and an Earnings ESP of +2.91%.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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