Cricut (CRCT) Expected to Announce Quarterly Earnings on Tuesday

Cricut (NASDAQ:CRCT - Get Free Report) will likely be announcing its Q1 2025 earnings results after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $158.55 million for the quarter.

Cricut (NASDAQ:CRCT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. Cricut had a net margin of 8.47% and a return on equity of 12.36%. The business had revenue of $209.31 million for the quarter, compared to the consensus estimate of $214.41 million. On average, analysts expect Cricut to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cricut Stock Performance

CRCT stock opened at $4.83 on Tuesday. The business's 50 day moving average price is $5.11 and its two-hundred day moving average price is $5.58. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 17.53 and a beta of -0.02. Cricut has a fifty-two week low of $3.94 and a fifty-two week high of $8.40.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CRCT shares. Citigroup restated a "sell" rating and set a $4.00 price target (down from $6.00) on shares of Cricut in a report on Monday, April 14th. Morgan Stanley cut their price objective on shares of Cricut from $3.90 to $3.80 and set an "underweight" rating for the company in a research report on Thursday, March 6th.

Insider Activity

In other news, CEO Arora Ashish sold 5,283 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $5.25, for a total value of $27,735.75. Following the completion of the transaction, the chief executive officer now owns 4,059,329 shares of the company's stock, valued at $21,311,477.25. This represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 227,509 shares of company stock worth $1,273,156 in the last three months. Company insiders own 18.02% of the company's stock.

Cricut Company Profile

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.

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