Core Insights - Cricut, Inc. reported quarterly earnings of $0.1 per share, exceeding the Zacks Consensus Estimate of $0.05 per share, marking a 100% earnings surprise [1] - The company achieved revenues of $170.44 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 7.91% and showing a year-over-year increase from $167.89 million [2] Earnings Performance - Cricut has surpassed consensus EPS estimates in all four of the last quarters, indicating strong earnings performance [2] - The company had an earnings surprise of +83.33% in the previous quarter, where it reported earnings of $0.11 per share against an expectation of $0.06 [1][2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.01 on revenues of $197.14 million, while for the current fiscal year, it is $0.28 on revenues of $689.83 million [7] - The earnings outlook and revisions will be crucial for understanding the stock's future performance [4][6] Industry Context - Cricut operates within the Zacks Technology Services industry, which is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable industry environment [8] - The performance of Cricut's stock may be influenced by the overall outlook for the industry, as higher-ranked industries tend to outperform lower-ranked ones significantly [8]

Cricut (NasdaqGS:CRCT) Q3 2025 Earnings Call November 04, 2025 05:00 PM ET Speaker2Today, and thank you for standing by. Welcome to the Cricut Q3 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a Q&A session. To ask a question during the session, you will need to press Star 11 on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, please press Star 11 again. Pleas ...

NASDAQ : CRCT replace Financial Results Q3 2025 November 4, 2025 Q3 2025 Financial Results 1 Safe Harbor Statement This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do ...

Recurring semi-annual dividend of $0.10 per share to be paid in January 2026 SOUTH JORDAN, Utah, November 4, 2025 (GLOBE NEWSWIRE) -- Cricut, Inc. ("Cricut") (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced financial results for its third quarter ended September 30, 2025. "We are pleased with our second consecutive quarter of sales growth in Q3. Sales grew 2%, operating income grew 114%, EPS grew 100%, and paid s ...

Over 3 million Paid Subscribers, up 6% over Q3 2024 Q3 2025 revenue of $170.4 million, up 2% compared to Q3 2024 Net income of $20.5 million, up 79% compared to Q3 2024 Recurring semi-annual dividend of $0.10 per share to be paid in January 2026 SOUTH JORDAN, Utah, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced financial results for its third quarter en ...

Core Insights - The article compiles significant research calls from Wall Street, highlighting upgrades and downgrades of various companies that investors should be aware of [1] Upgrades - BofA upgraded Sea Limited (SE) to Buy from Neutral with a price target of $215, increased from $206, citing strong momentum across its businesses [2] - JPMorgan upgraded Las Vegas Sands (LVS) to Overweight from Neutral with a price target of $60, up from $56, due to a recent pullback in shares and a positive outlook for Singapore [2] - JPMorgan also upgraded PPG (PPG) to Overweight from Neutral, maintaining a price target of $112, believing that PPG's market value has decreased more than its business fundamentals [3] - Seaport Research upgraded TKO Group (TKO) to Buy from Neutral with a price target of $214, becoming more constructive after recent share pullbacks [3] - Wells Fargo upgraded T-Mobile (TMUS) to Overweight from Equal Weight with a price target of $260, up from $250, due to higher expected free cash flow growth and network leadership [4] Downgrades - Bernstein downgraded Lululemon (LULU) to Market Perform from Outperform with a price target of $190, down from $220, citing worsening underlying U.S. trends despite a near-term boost from promotions [5] - TD Cowen downgraded Molina Healthcare (MOH) to Hold from Buy, maintaining a price target of $203, due to potential medical loss ratio pressure from state budget deficits [5] - Deutsche Bank downgraded Fiserv (FI) to Hold from Buy with a price target of $122, down from $175, anticipating a lower 2025 outlook amid deteriorating fundamentals [5] - Rothschild & Co Redburn downgraded Verisk Analytics (VRSK) to Sell from Neutral with a price target of $220, indicating that downside risks are not reflected in the shares [5] - Goldman Sachs downgraded Cricut (CRCT) to Sell from Neutral with a price target of $4.75, down from $5.50, due to limited visibility into sustainable revenue growth beyond 2026 [5]

Core Insights - Cricut, Inc. will report its financial results for Q3 2025 on November 4, 2025, after U.S. markets close [1] - A conference call and webcast will be held on the same day at 3:00 p.m. Mountain Time [1] Company Overview - Cricut, Inc. is a creative technology company that provides a connected platform for DIY projects, featuring smart cutting machines and design software [4] - The company offers a range of products including the Cricut Maker series, Cricut Explore series, Cricut Joy, and Cricut Venture, along with tools like Cricut EasyPress and Infusible Ink [4] - Cricut has a large community of dedicated users worldwide, enhancing its brand presence and customer engagement [4] Investor Relations - Cricut will utilize its investor relations website and Cricut News Blog to disclose material non-public information and comply with Regulation FD [5] - Investors are encouraged to monitor these platforms along with press releases and SEC filings for updates [5]

Core Thesis - Cricut, Inc. presents a compelling short opportunity with shares potentially falling to $3.50, reflecting a 52% downside from current levels [2] - The company's stock has been inflated due to one-time items boosting Q1 results and a $0.85 special dividend, attracting temporary investor interest, while fundamentals remain weak [2][4] Market Dynamics - The core DIY and scrapbooking market is in structural decline, with intensifying competition from lower-cost machines and third-party materials [3] - Cricut's subscription revenue faces a looming "cliff" as the active user base nears saturation, with many users unlikely to convert to paid plans [3] - Access to free templates and designs further limits the potential for subscription growth [3] Financial Performance - Consensus estimates projecting growth in 2026 appear overly optimistic, with management's plans to reinvest in R&D and marketing expected to compress margins by 200-300 basis points in 2025 [4] - Q1 results were artificially inflated by one-time gains from inventory adjustments and bad debt recoveries, misleadingly boosting earnings by an estimated $8 million [4] - Valuation is stretched at 17x NTM consensus EBIT, with conservative adjustments suggesting 2026 EBIT could reach only $50 million versus $60 million consensus, implying a target price near $3.30 [5] Competitive Landscape - Connected machine sales have stagnated despite repeated efforts, and the accessories and materials business faces strong competition from online discounters, further pressuring margins [4] - While Cricut remains the leading brand in its category, structural headwinds, intensified competition, and subscriber base saturation support a significant downside for the stock [5]

Core Insights - Cricut has been on a transformative journey over the past few years, focusing on scaling its operations and addressing specific market needs [2] Group 1 - The company is working to enhance its product offerings and expand its market presence [2] - Cricut aims to solve challenges faced by its customers, indicating a customer-centric approach in its strategy [2]

Group 1 - Cricut has been on a transformative journey over the past few years, focusing on scaling its operations and addressing specific market needs [2] - The company aims to enhance its product offerings and improve customer engagement through innovative solutions [2] Group 2 - The discussion features key executives from Cricut, including the CFO and Treasurer, indicating a focus on financial strategy and operational insights [1] - The conversation is set to provide an overview of Cricut's current position and future direction in the market [2]