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

Cricut

09/08/2022 23:06

* Cricut Inc  CRCT.OQ  reported quarterly adjusted earnings
of 6
cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
9 cents per share.
    * Revenue fell 45.1% to $183.76 million from a year ago;
analysts
expected $229.74 million. 
    * Cricut Inc's reported EPS for the quarter was 6 cents​.
    * The mean earnings estimate of analysts had fallen by
about 19.5%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Cricut Inc shares had risen by 17.9% this quarter and
lost 67.2%
so far this year.
    * Wall Street's median 12-month price target for Cricut Inc
is
$7.00 
    * 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." 

This summary was machine generated from Refinitiv data August 9
at 10:06 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.09           0.06           Missed
 Mar. 31 2022      0.11           0.11           Met
 Dec. 31 2021      0.22           0.05           Missed
 Sep. 30 2021      0.16           0.13           Missed