Cricut (CRCT) Projected to Post Quarterly Earnings on Tuesday

Cricut (NASDAQ:CRCT) will likely be announcing its Q1 2026 results after the market closes on Tuesday, May 5th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $164.3260 million for the quarter. Interested persons are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Tuesday, May 5, 2026 at 5:00 PM ET.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Cricut had a net margin of 10.82% and a return on equity of 20.44%. The business had revenue of $203.60 million during the quarter, compared to analyst estimates of $202.22 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

Shares of CRCT opened at $4.43 on Tuesday. The company has a 50 day moving average price of $4.23 and a 200-day moving average price of $4.64. Cricut has a fifty-two week low of $3.73 and a fifty-two week high of $7.33. The stock has a market capitalization of $938.19 million, a PE ratio of 12.31 and a beta of 0.23.

Insiders Place Their Bets

In other Cricut news, CEO Arora Ashish sold 13,458 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $4.25, for a total value of $57,196.50. Following the completion of the sale, the chief executive officer directly owned 3,724,995 shares in the company, valued at $15,831,228.75. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 193,458 shares of company stock valued at $858,197 in the last three months. 18.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cricut

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Cricut by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,729,857 shares of the company’s stock worth $29,751,000 after purchasing an additional 163,602 shares in the last quarter. Geode Capital Management LLC increased its position in Cricut by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 1,417,153 shares of the company’s stock valued at $7,016,000 after buying an additional 31,736 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Cricut by 51.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,379,155 shares of the company’s stock valued at $8,675,000 after buying an additional 467,934 shares in the last quarter. State Street Corp raised its stake in Cricut by 0.9% in the fourth quarter. State Street Corp now owns 1,220,292 shares of the company’s stock valued at $6,040,000 after buying an additional 11,170 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Cricut by 374.5% in the fourth quarter. Millennium Management LLC now owns 982,343 shares of the company’s stock valued at $4,863,000 after buying an additional 775,330 shares during the last quarter. 19.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CRCT. The Goldman Sachs Group reduced their price objective on shares of Cricut from $3.50 to $3.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Weiss Ratings upgraded Cricut from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 5th. Barclays reissued an “underweight” rating and issued a $4.00 price target on shares of Cricut in a research report on Wednesday, March 4th. Finally, UBS Group restated a “cautious” rating on shares of Cricut in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell” and a consensus target price of $3.50.

About Cricut

Cricut, Inc (NASDAQ: CRCT) is a U.S.-based technology company specializing in personal and small-business crafting solutions. The company designs and markets a family of cutting machines that leverage computer-aided design to precisely cut a wide range of materials, including paper, vinyl, fabric and leather. Complementing its hardware offerings, Cricut provides proprietary software and mobile applications that enable users to create custom artwork, import graphics and access a vast library of pre-designed projects and fonts through a subscription service.

Founded as a division of Provo Craft & Novelty in 2005, Cricut emerged as an independent public company in March 2021.