Turtle Beach: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Turtle Beach (NASDAQ:HEAR) reported Q4 earnings with an EPS of $0.47, missing estimates by -22.0% against an expected $0.6. Revenue decreased by $1.36 million from the same period last year. In the previous quarter, the company beat EPS estimates which led to a 13.0% share price increase the next day. Historical performance shows mixed results in beating EPS and revenue estimates.
March 13, 2024 | 8:25 pm
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NEGATIVE IMPACT
Turtle Beach reported a significant miss in Q4 earnings with an EPS of $0.47 against an estimate of $0.6 and a revenue decrease from the previous year.
Missing earnings estimates by -22.0% and reporting a decrease in revenue compared to the same period last year are strong indicators of potential negative short-term impact on Turtle Beach's stock price. Historical data shows that past earnings performance has influenced stock price movements, suggesting that this earnings miss could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100