Cricut Inc reports results for the quarter ended in September 30 - Earnings Summary

Cricut

06/11/2024 04:42

* Cricut Inc  CRCT.OQ  reported quarterly adjusted earnings
of 5
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 8
cents.  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 7 cents per share.
    * Revenue fell 4% to $167.89 million from a year ago;
analysts
expected $171.19 million. 
    * Cricut Inc's reported EPS for the quarter was 5 cents​.
    * The company reported quarterly net income of $11.49
million.
    * Cricut Inc shares had fallen by 8.1% this quarter and
gained 4.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
5.25 
This summary was machine generated from LSEG data November 6 at
04:42 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
 Mar. 31 2024      0.05           0.05           Met
 Jun. 30 2024      0.05           0.09           Beat
 Mar. 31 2024      0.06           0.09           Beat
 Dec. 31 2023      0.05           0.05           Met