Cricut Inc expected to post earnings of 7  cents a share - Earnings Preview

Cricut

06/05/2023 03:04

* Cricut Inc  CRCT.OQ   CRCT.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 9. 
    * The South Jordan Utah-based  company is expected to report
 a
15.3% decrease in revenue to $207.45 million from $244.78
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 7 cents per share. 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"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​, 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  
 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​
 Mar. 31 2022  0.11        0.11       0.11      Met     -3
 ​​Dec.        0.22        0.22       0.05      Missed  -77.3
 31 2021                                                
 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 6 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated