Cricut Inc reports results for the quarter ended March 31 - Earnings Summary

• Cricut Inc CRCT.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of four analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 6 cents to 8 cents per share.

• Revenue fell 2.8% to $162.63 million from a year ago; analysts expected $155.78 million.

• Cricut Inc's reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $23.91 million.

• Cricut Inc shares had fallen by 1.4% this quarter and lost 10.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the integrated hardware & software peer group is also "sell"

• Wall Street's median 12-month price target for Cricut Inc is $4.00

This summary was machine generated from LSEG data May 6 at 09:46 p.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)