Back to top

Image: Bigstock

Corsair Gaming, Inc. (CRSR) Dips More Than Broader Markets: What You Should Know

Read MoreHide Full Article

In the latest trading session, Corsair Gaming, Inc. (CRSR - Free Report) closed at $25.93, marking a -1.78% move from the previous day. This change lagged the S&P 500's daily loss of 1.19%.

Heading into today, shares of the company had lost 6.81% over the past month, lagging the Consumer Discretionary sector's loss of 3.14% and the S&P 500's loss of 3.16% in that time.

Investors will be hoping for strength from CRSR as it approaches its next earnings release. In that report, analysts expect CRSR to post earnings of $0.40 per share. This would mark a year-over-year decline of 25.93%. Our most recent consensus estimate is calling for quarterly revenue of $492.45 million, up 7.73% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.82 per share and revenue of $2.08 billion, which would represent changes of +13.75% and +22.19%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for CRSR. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CRSR currently has a Zacks Rank of #3 (Hold).

Digging into valuation, CRSR currently has a Forward P/E ratio of 14.51. This represents a discount compared to its industry's average Forward P/E of 22.55.

The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 33% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Corsair Gaming, Inc. (CRSR) - free report >>

Published in