Categories Earnings, Technology

What to look for when Turtle Beach posts Q2 earnings

Turtle Beach Corporation (NASDAQ: HEAR) is scheduled to report its earnings results for the second quarter of 2019 on Thursday after the market closes. The maker of headphones for gaming devices will be benefited by its dominant status in its core regions of operations as well as the exceptionally strong slate of triple-A game releases.

Turtle Beach, which launched its first gaming headset in 2005, designs and markets a large assortment of audio peripherals for Xbox, PlayStation, and Nintendo consoles, as well as for PC, Mac, and mobile/tablet devices. The company stands to benefit from the sale of the audio peripherals.

However, the bottom line is likely to face an increase in costs and expenses arising due to the promotions and marketing of the products. Gaming headsets, which are part of a growing global gaming market sized at over $150 billion, represents more than a $2.7 billion global market, or more than 70% of the total peripherals market.

What to look for when Turtle Beach posts Q2 earnings
Photo Courtesy: Turtle Beach / Facebook post

The company’s gaming headset business is seasonal with a significant portion of sales and profits typically occurring around the holiday period. Historically, more than 45% of headset business revenues are generated during the period from September through December as new headsets are introduced and consumers engage in holiday shopping.

Analysts expect the company to report a loss of $0.20 per share on revenue of $41.97 million for the second quarter. In comparison, during the previous year quarter, Turtle Beach posted a profit of $0.40 per share on revenue of $60.8 million. The company has surprised investors by beating analysts’ expectations in all of the past four quarters.

For the first quarter, Turtle Beach reported a 56% jump in earnings driven by a gain from the mark-to-market adjustment of the financial instrument obligation related to the non-cash settlement of the Series B Preferred stock in April 2018. Net revenue increased by 10% year-over-year.

For the full year 2019, the company expects net revenue in the range of $240 million to $248 million and earnings in the range of $0.70 to $0.90 per share. Adjusted earnings are anticipated to be in the range of $0.90 to $1.10 per share. Adjusted EBITDA is predicted to be in the range of $27 million to $31 million.

We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%

Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss

Key metrics from Nike’s (NKE) Q2 2025 earnings results

NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net

FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips

Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,

Comments

  1. Pingback: itme.xyz
  2. Pingback: itme.xyz
  3. Pingback: itme.xyz
  4. Pingback: itme.xyz

Comments are closed.

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