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

Cricut

09/05/2023 23:18

* Cricut Inc  CRCT.OQ  reported quarterly adjusted earnings
of 4
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for earnings
of 7 cents per share.
    * Revenue fell 26% to $181.23 million from a year ago;
analysts
expected $207.45 million. 
    * Cricut Inc's reported EPS for the quarter was 4 cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.7%
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 2.5% this quarter and
gained 11.2% so far this year.
    * The company reported quarterly net income of $9.1 million.
    * Wall Street's median 12-month price target for Cricut Inc
is
$7.00 
    * 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 May
9 at 10:18 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.07           0.04           Missed
 Dec. 31 2022      0.06           0.05           Missed
 Sep. 30 2022      0.07           0.06           Missed
 Jun. 30 2022      0.09           0.06           Missed