Cricut, Inc. (CRCT) Beats Q2 Earnings and Revenue Estimates

Financial Performance - Cricut, Inc. reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, and up from $0.09 per share a year ago, representing an earnings surprise of +83.33% [1] - The company posted revenues of $172.11 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 9.23%, compared to year-ago revenues of $167.95 million [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $164.37 million, and for the current fiscal year, it is $0.22 on revenues of $689.53 million [7] - The estimate revisions trend for Cricut was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Technology Services industry, to which Cricut belongs, is currently in the top 41% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - Viant Technology, another company in the same industry, is expected to report quarterly earnings of $0.10 per share, reflecting a year-over-year change of +25%, with revenues anticipated to be $77.8 million, up 87.2% from the previous year [9][10]