Turtle Beach (HEAR) Tops Q4 EPS by 2c, FY EPS Guidance Misses

Turtle Beach (NASDAQ: HEAR) reported Q4 EPS of $1.33, $0.02 better than the analyst estimate of $1.31. Revenue for the quarter came in at $111.3 million versus the consensus estimate of $110.2 million.

GUIDANCE:

Turtle Beach sees Q1 2019 EPS of $0.05, versus the consensus of $0.09. Turtle Beach sees Q1 2019 revenue of $42 million, versus the consensus of $34.84 million.

Turtle Beach sees FY2019 EPS of $0.90-$1.10, versus the consensus of $1.64. Turtle Beach sees FY2019 revenue of $240-248 million, versus the consensus of $243.14 million.

• Gross margin in 2019 is expected to be in the range of 33% to 34% due to reduced operating leverage associated with the decline in revenue, as well as anticipated increases in promotional allowances and one-time charges associated with the ROCCAT acquisition.

For earnings history and earnings-related data on Turtle Beach (HEAR) click here.

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