Turtle Beach Corporation (NASDAQ:HEAR) Expected to Post Quarterly Sales of $17.54 Million

Equities research analysts expect Turtle Beach Corporation (NASDAQ:HEAR) to announce sales of $17.54 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Turtle Beach Corporation’s earnings. The highest sales estimate is $18.00 million and the lowest is $17.20 million. Turtle Beach Corporation posted sales of $29.36 million in the same quarter last year, which suggests a negative year-over-year growth rate of 40.3%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, August 10th.

According to Zacks, analysts expect that Turtle Beach Corporation will report full year sales of $17.54 million for the current fiscal year, with estimates ranging from $156.00 million to $160.00 million. For the next financial year, analysts forecast that the firm will post sales of $175.19 million per share, with estimates ranging from $173.40 million to $177.16 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Turtle Beach Corporation.

Turtle Beach Corporation (NASDAQ:HEAR) last announced its quarterly earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.05. Turtle Beach Corporation had a negative net margin of 51.79% and a negative return on equity of 830.32%. The company had revenue of $14.35 million for the quarter, compared to the consensus estimate of $12.61 million.

Several brokerages have recently issued reports on HEAR. B. Riley reaffirmed a “neutral” rating and issued a $1.30 price objective on shares of Turtle Beach Corporation in a research note on Friday, May 12th. Zacks Investment Research cut shares of Turtle Beach Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.

Shares of Turtle Beach Corporation (NASDAQ HEAR) traded down 1.39% during mid-day trading on Friday, hitting $0.71. 116,236 shares of the company’s stock traded hands. Turtle Beach Corporation has a 1-year low of $0.65 and a 1-year high of $2.00. The stock’s market cap is $35.00 million. The stock has a 50 day moving average price of $0.74 and a 200-day moving average price of $0.92.

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Turtle Beach Corporation Company Profile

Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.

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Earnings History and Estimates for Turtle Beach Corporation (NASDAQ:HEAR)

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