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

Cricut

08/11/2022 23:28

* Cricut Inc  CRCT.OQ  reported quarterly adjusted earnings
of 6
cents​​ per share for the quarter ended in September. The mean
expectation of four analysts for the quarter was for earnings of
7 cents per share.
    * Revenue fell 31.9% to $177.00 million from a year ago;
analysts
expected $167.55 million. 
    * Cricut Inc's reported EPS for the quarter was 6 cents​.
    * The mean earnings estimate of analysts had fallen by
about 25.9%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Cricut Inc shares had fallen by 9.3% this quarter and
lost 62.0%
so far this year.
    * The company reported quarterly net income of $12.44
million.
    * Wall Street's median 12-month price target for Cricut Inc
is
$6.00 
    * 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." 

This summary was machine generated from Refinitiv data November
8 at 11:28 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.07           0.06           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