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

Cricut

03/08/2024 03:02

* Cricut Inc  CRCT.OQ   CRCT.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The South Jordan Utah-based  company is expected to report
a
5.6% decrease in revenue to $167.785 million from $177.77
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
$5.10​, below​ its last closing price of $5.86. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.06        0.06       0.09      Beat    62.9
 Dec. 31 2024  0.05        0.05       0.05      Met     -6.8
 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.        0.07        0.07       0.04      Missed  -42.9
 31 2023                                                
 Dec. 31 2022  0.06        0.06       0.05      Missed  -20​
 Sep. 30 2022  0.07        0.07       0.06      Missed  -15.8
 Jun. 30 2022  0.08        0.09       0.06      Missed  -30.7
 This summary was machine generated August 3 at 02:02 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)