Cricut Inc expected to post earnings of 9  cents a share - Earnings Preview

Cricut

06/08/2022 03:04

* Cricut Inc  CRCT.OQ   CRCT.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 9. 
    * The South Jordan Utah-based  company is expected to report
 a
31.3% decrease in revenue to $229.74 million from $334.49
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 9 cents per share. For the same quarter last year,
the company reported earnings of 22 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
$7​, below​ its last closing price of $7.18. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.11        0.11       0.11      Met     -3
 Dec. 31 2022  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.        0.21        0.21       0.24      Beat    16.5
 31 2021                                                
                                                        ​
 This summary was machine generated August 6 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated