We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Corsair Gaming, Inc. (CRSR) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Corsair Gaming, Inc. (CRSR - Free Report) closed the most recent trading day at $28.04, moving +0.61% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.15%.
Heading into today, shares of the company had gained 2.99% over the past month, outpacing the Consumer Discretionary sector's gain of 0.41% and the S&P 500's loss of 0.58% in that time.
Wall Street will be looking for positivity from CRSR as it approaches its next earnings report date. On that day, CRSR is projected to report earnings of $0.40 per share, which would represent a year-over-year decline of 25.93%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $492.45 million, up 7.73% from the year-ago period.
CRSR's full-year Zacks Consensus Estimates are calling for earnings of $1.82 per share and revenue of $2.08 billion. These results would represent year-over-year changes of +13.75% and +22.19%, respectively.
Investors might also notice recent changes to analyst estimates for CRSR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CRSR is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that CRSR has a Forward P/E ratio of 15.31 right now. This valuation marks a discount compared to its industry's average Forward P/E of 22.38.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Corsair Gaming, Inc. (CRSR) Outpaces Stock Market Gains: What You Should Know
Corsair Gaming, Inc. (CRSR - Free Report) closed the most recent trading day at $28.04, moving +0.61% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.15%.
Heading into today, shares of the company had gained 2.99% over the past month, outpacing the Consumer Discretionary sector's gain of 0.41% and the S&P 500's loss of 0.58% in that time.
Wall Street will be looking for positivity from CRSR as it approaches its next earnings report date. On that day, CRSR is projected to report earnings of $0.40 per share, which would represent a year-over-year decline of 25.93%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $492.45 million, up 7.73% from the year-ago period.
CRSR's full-year Zacks Consensus Estimates are calling for earnings of $1.82 per share and revenue of $2.08 billion. These results would represent year-over-year changes of +13.75% and +22.19%, respectively.
Investors might also notice recent changes to analyst estimates for CRSR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CRSR is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that CRSR has a Forward P/E ratio of 15.31 right now. This valuation marks a discount compared to its industry's average Forward P/E of 22.38.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.