Cricut Inc reports results for the quarter ended in December - Earnings Summary

Cricut

05/03/2024 23:42

* Cricut Inc  CRCT.OQ  reported quarterly adjusted earnings
of 5
cents​​ per share for the quarter ended in December, identical
to the same quarter last year.  The mean expectation of
four analysts for the quarter was for earnings of 5 cents per
share. Wall Street expected results to range from 4 cents to 6
cents per share.
    * Revenue fell 17.6% to $231.25 million from a year ago;
analysts
expected $249.68 million. 
    * Cricut Inc's reported EPS for the quarter was 5 cents​.
    * The company reported quarterly net income of $11.29
million.
    * Cricut Inc shares had fallen by 26.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the integrated
hardware
& software peer group is  "sell."

Wall Street's median 12-month price target for Cricut Inc is
$7.00 
This summary was machine generated from LSEG data March 5 at
11:42 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.05           0.05           Met
 Sep. 30 2023      0.07           0.08           Beat
 Jun. 30 2023      0.06           0.07           Beat
 Mar. 31 2023      0.07           0.04           Missed