Cricut Inc expected to post earnings of 6  cents a share - Earnings Preview

Cricut

03/03/2023 22:06

* Cricut Inc  CRCT.OQ   CRCT.O  is expected to show a fall
in
quarterly revenue when it reports  results on March 7. 
    * The South Jordan Utah-based  company is expected to report
 a
37.8% decrease in revenue to $241.4 million from $387.83 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cricut Inc is for
earnings of 6 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
$6.84​, below​ its last closing price of $9.76. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  0.07        0.07       0.06      Missed  -15.8
 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
 ​​Sep.        0.15        0.16       0.13      Missed  -17.2
 30 2021                                                
 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 March 3 at 22:06 GMT.  All
figures in US dollars  unless otherwise stated