Categories Analysis, Technology

Earnings preview: What to expect from Turtle Beach Q4 results

Gaming accessory company Turtle Beach Corporation (HEAR) will report fourth quarter financial results on March 14, Thursday, after the closing bell. The company, which makes headphones for gaming devices, is expected to report earnings of $1.31 per share on revenues of $110.3 million.

During the same quarter last year, the company had reported earnings of 29 cents per share on revenues of $79.7 million.

Image for representation (Image by Tomasz Mikołajczyk from Pixabay)

The analyst projection for the fourth quarter represents a 37% jump in net sales, on the company’s strong positioning in a healthy gaming audio market. The launch of numerous new products, including the high-performance Turtle Beach Battle Buds, is likely to ensure Turtle jumps following the earnings announcement.

The company continues to maintain a dominant status in its core regions of operation – Europe and North America – thanks to the increasing acceptance for eSports. The favorable market dynamics have given Turtle Beach enough confidence to venture into new markets that hold potential. Look out for any management comments regarding the company’s expansion strategy in 2019.

For the past five years, the company’s EPS has grown at a rate of 16.2%. For the next five years, analysts expect it the growth rate to be around 18%.

Read: Nvidia’s 7-bn purchase of Mellanox Technologies to help boost data center biz

The stock has soared over 700% in the trailing 52 weeks. Since the start of this year, though, it has been mostly flattish.

The stock has a 12-month average price target of $29.5, suggesting 88% upside from the last close.

The company’s Swiss rival Logitech International (LOGI) will report its quarterly results next month.

 

Earnings Calendar: Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Target Corp posts strong results in Q4: Infographic

Target Corporation (NYSE: TGT) reported fourth-quarter 2020 financial results before the opening bell today. The department store chain reported Q4 revenue of $28.3 billion, up 21% year-over-year and higher than

Key highlights from Autodesk (ADSK) Q4 2021 earnings results

Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per

Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%

Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top