Recap: Cricut Q4 Earnings
Portfolio Pulse from Benzinga Insights
Cricut (NASDAQ:CRCT) reported its Q4 earnings with an EPS of $0.05, matching the estimate but showing a revenue decline of $49.51 million from the previous year. The company's past earnings performance shows a pattern of mixed results, with the last quarter's EPS beating estimates but followed by a 9.0% drop in share price.
March 05, 2024 | 9:30 pm
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Cricut reported Q4 earnings with an EPS of $0.05, in line with estimates, but saw a significant revenue decline from the previous year.
Cricut's earnings report shows a significant revenue decline from the previous year, which could negatively impact investor sentiment and the stock price in the short term. The pattern of mixed past earnings performance, especially the 9.0% drop in share price following the last quarter's earnings beat, suggests that the market may react negatively to this earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100