Cricut Inc expected to post earnings of 5 cents a share - Earnings Preview

Cricut

01/03/2024 22:22

* Cricut Inc  CRCT.OQ   CRCT.O  is expected to show a fall
in
quarterly revenue when it reports  results on March 5 for the
period ending December 31 2023
    * The South Jordan Utah-based  company is expected to report
a
11.1% decrease in revenue to $249.68 million from $280.76
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Cricut Inc is for
earnings of
5 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"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
$7.00​, above​ its last closing price of $4.83. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.07        0.07       0.08      Beat    13.9
 Jun. 30 2023  0.06        0.06       0.07      Beat    17.3
 Mar. 31 2023  0.07        0.07       0.04      Missed  -42.9​
 Dec. 31 2022  0.06        0.06       0.05      Missed  -20
 ​​Sep.        0.07        0.07       0.06      Missed  -15.8
 30 2022                                                
 Jun. 30 2022  0.08        0.09       0.06      Missed  -30.7​
 Mar. 31 2022  0.11        0.11       0.11      Met     -3
 Dec. 31 2021  0.22        0.22       0.05      Missed  -77.3
 This summary was machine generated March 1 at 22:22 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)