Incorrect EPS for Corsair $CRSR

Avatar
CloudGuy111
  • updated
  • Not a bug

Based on Corsair's S-1 and recent quarterly earnings report, their TTM EPS is closer to $0.75 I believe vs. the $0.41 stated?

Page 68 of the S-1A: https://ir.corsair.com/static-files/37e35492-8b9a-4efb-8b7e-63426576ea78


6 months ended June 30, 2020 diluted EPS was 0.28and I believe total weighted-average shares was 76,223,451 in Q4 2019 on Net Income of 6,000,000 or so which translates to about 0.08 in EPS for that quarter which I believe is confirmed in their most recent earnings report where they stated EPS for the first 9 months was ($0.19) and then FY 2019 ended with EPS of ($0.11) which means EPS for Q4 2019 was $0.08

Pinned replies
Avatar
0
SA Admin Kushal Mehrotra
  • Answer
  • Not a bug

Hi,

I believe the difference is dues to the calc. of Weighted average of shares outstanding.
Our data vendor is using ~158.7M shares as WA of shares outstanding including the shares in 180 day lock-up agreement basis the screenshot pasted below:

Kindly let us know if this satisfies your concern.

Regards,
Kushal Mehrotra
Data QA Analyst, Seeking Alpha

Replies 2
Avatar
0
CloudGuy111

Hmm, yeah I can see what this is saying but when they reported Q3 results they aren't factoring in the 77.8 million additional shares and their "YTD EPS of 0.69"

Avatar
0
SA Admin Kushal Mehrotra
  • Answer
  • Not a bug

Hi,

I believe the difference is dues to the calc. of Weighted average of shares outstanding.
Our data vendor is using ~158.7M shares as WA of shares outstanding including the shares in 180 day lock-up agreement basis the screenshot pasted below:

Kindly let us know if this satisfies your concern.

Regards,
Kushal Mehrotra
Data QA Analyst, Seeking Alpha