In This Article:
Turtle Beach (NASDAQ:HEAR) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$94.4m (up 60% from 3Q 2023).
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Net income: US$3.41m (up from US$3.61m loss in 3Q 2023).
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Profit margin: 3.6% (up from net loss in 3Q 2023).
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EPS: US$0.17 (up from US$0.21 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Turtle Beach Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Tech industry in the US.
Performance of the American Tech industry.
The company's shares are up 10% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Turtle Beach (1 makes us a bit uncomfortable!) that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.