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

Cricut

07/08/2024 07:22

* Cricut Inc  CRCT.OQ  reported quarterly adjusted earnings
of 9
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 7
cents.  The mean expectation of four analysts for the quarter
was for earnings of 5 cents per share.  5 cents per share.
    * Revenue fell 5.5% to $167.95 million from a year ago;
analysts
expected $167.78 million. 
    * Cricut Inc's reported EPS for the quarter was 9 cents​.
    * The company reported quarterly net income of $19.77
million.
    * Cricut Inc shares had risen by 5.2% this quarter and
lost 4.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.8%
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
$5.35 
This summary was machine generated from LSEG data August 7 at
06:22 a.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
 Jun. 30 2024      0.05           0.09           Beat
 Mar. 31 2024      0.06           0.09           Beat
 Dec. 31 2023      0.05           0.05           Met
 Sep. 30 2023      0.07           0.08           Beat