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Factors Setting the Tone for Corsair's (CRSR) Q2 Earnings

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Corsair Gaming, Inc. CRSR is scheduled to report second-quarter 2021 results on Aug 3, 2021. In the last reported quarter, the company delivered an earnings surprise of 65.7%.

Factors to Note

Corsair’s second-quarter performance is likely to have benefited from robust performance of Gamer and creator peripherals segment. Launch of its Corsair One a200 gaming PC powered by the new AMD Ryzen 5000-series CPU and the Corsair One i200 powered by a new 11th Gen Intel Core CPU bode well.

Several high-performance products such as SCUF-branded H1 customizable wired gaming headset, wireless mouse, haptic headset and many more are likely to have contributed to the to-be-reported quarter’s top line. Implementation of new product launches (approximately two per week) and increased supply might have contributed to the quarterly performance as well. The second-quarter top line is likely to reflect robust end demand for its new products such as the K65 mini RGB keyboard and Elgato’s new accessories. The company introduced 29 new products in first-quarter and continues maintain the pace of new products launch.

However, disruptions in supply chain due to the coronavirus pandemic, and rise in product development and freight costs are likely to have hurt margins in the to-be-reported quarter.

Corsair Gaming, Inc. Price and EPS Surprise

Corsair Gaming, Inc. Price and EPS Surprise
Corsair Gaming, Inc. Price and EPS Surprise

Corsair Gaming, Inc. price-eps-surprise | Corsair Gaming, Inc. Quote

What the Zacks Model Unveils

Our proven model doesn’t conclusively predict an earnings beat for Corsair this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here.

Earnings ESP: The company has an Earnings ESP of 0.00%.

Zacks Rank: The company carries a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks Poised to Beat Earnings Estimates

Here are some stocks from the Zacks Consumer Discretionary space that investors may consider, as our model shows that these have the right combination of elements to deliver an earnings beat this time around.

Golden Entertainment, Inc. GDEN has a Zacks Rank #1 and an Earnings ESP of +5.22%. You can see the complete list of today’s Zacks #1 Rank stocks here.

MGM Resorts International MGM has a Zacks Rank #2 and an Earnings ESP of +51.54%.

Caesars Entertainment, Inc. CZR has a Zacks Rank #2 and an Earnings ESP of +160.55%.


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MGM Resorts International (MGM) : Free Stock Analysis Report

Caesars Entertainment, Inc. (CZR) : Free Stock Analysis Report

Golden Entertainment, Inc. (GDEN) : Free Stock Analysis Report

Corsair Gaming, Inc. (CRSR) : Free Stock Analysis Report

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