Cricut Inc expected to post earnings of 11  cents a share - Earnings Preview

Cricut

07/05/2022 03:03

* Cricut Inc  CRCT.OQ   CRCT.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 10. 
    * The South Jordan Utah-based  company is expected to report
 a
16.9% decrease in revenue to $269.116 million from $323.82
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cricut Inc is for
earnings of 11 cents per share. For the same quarter last year,
the company reported earnings of 24 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cricut Inc
is
$13​, above​ its last closing price of $12.00. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.22        0.22       0.05      Missed  -77.3
 Sep. 30 2021  0.15        0.16       0.13      Missed  -17.2
 Jun. 30 2021  0.20        0.20       0.22      Beat    7.6​
 Mar. 31 2021  0.21        0.21       0.24      Beat    16.5
 ​​                                                     
                                                        ​
 This summary was machine generated May 7 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated