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.

 

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