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

Cricut

08/08/2023 23:33

* Cricut Inc  CRCT.OQ  reported quarterly adjusted earnings
of 7
cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of 6 cents per share.
    * Revenue fell 3.3% to $177.77 million from a year ago;
analysts
expected $176.50 million. 
    * Cricut Inc's reported EPS for the quarter was 7 cents​.
    * The mean earnings estimate of analysts had risen by
about 5.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Cricut Inc shares had fallen by 17.2% this quarter and
gained 22.4% so far this year.
    * The company reported quarterly net income of $16.02
million.
    * Wall Street's median 12-month price target for Cricut Inc
is
$6.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.06           0.07           Beat
 Mar. 31 2023      0.07           0.04           Missed
 Dec. 31 2022      0.06           0.05           Missed
 Sep. 30 2022      0.07           0.06           Missed