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Cricut Gears Up to Report Q3 Earnings: What's in the Cards?

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Key Takeaways

  • Cricut is set to report Q3'26 results on Nov. 3, with revenues expected to rise 1.9% y/y to $173.71 million.
  • AI-powered tools, premium subscriptions & product innovation are expected to support CRCT's revenue growth.
  • CRCT's Q3 earnings are projected to plunge 70% y/y to 3 cents per share amid rivalry & pricing pressures.

Cricut, Inc. (CRCT - Free Report) is slated to report its third-quarter 2026 results on Nov. 3, after the closing bell.

The company has an impressive earnings surprise history. CRCT’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and matched once, delivering an average surprise of more than 100%.

Cricut, Inc. Price, Consensus and EPS Surprise

Cricut, Inc. Price, Consensus and EPS Surprise

Cricut, Inc. price-consensus-eps-surprise-chart | Cricut, Inc. Quote

Shares of CRCT have had an excellent run over the past three months. The stock has risen 30.5% against the industry’s 9.9% decline. The Zacks S&P 500 composite gained 3.4% during the same period.

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Q3 Expectations for CRCT

The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pinned at $173.71 million, suggesting a 1.9% rise from the third-quarter 2025 actuals.

CRCT’s consistent focus on simplifying Design Space and integrating artificial intelligence (AI)-powered features, which supports stabilization in user engagement and the company’s investments in product innovation and marketing are likely to have contributed to the revenue growth.

The Zacks Consensus Estimate for Platform revenues is pegged at $85.74 million, suggesting a 3.6% year-over-year increase. Continued expansion of premium subscriptions and new AI-powered creative tools enhance subscriber engagement and are likely to have boosted Platform revenue growth.

The consensus estimate for Product segment revenues is pegged at $87.97 million, indicating a 0.4% year-over-year rise. Investments in product innovation and marketing strengthen the company’s ability to attract new users. Moreover, continued investments in onboarding, AI functionality and personalized creative experiences are likely to have contributed to the segment’s growth, partly offset by rising promotional activity expenses and weakness in the Accessories and Materials business.

The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at 3 cents per share, indicating a 70% year-over-year decline. We expect persistent competition and the need to maintain attractive pricing to limit monetization opportunities and weigh on profitability. Cautious consumer spending in certain markets and broader supply chain cost pressures are also likely to have contributed to the bottom-line decline.

What Our Model Says About CRCT

Our proven model does not conclusively predict an earnings beat for Cricut this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Cricut has an Earnings ESP of 0.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks to Consider

Here are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.

Dave Inc. (DAVE - Free Report) has an Earnings ESP of +5.99% and a Zacks Rank of 2. The company is scheduled to declare its third-quarter 2026 results on Nov. 4.

The Zacks Consensus Estimate for DAVE’s third-quarter 2026 revenues is pegged at $191.15 million, indicating 26.8% year-over-year growth. The consensus estimate for earnings is pegged at $4.45 per share, implying a year-over-year increase of 5%.

DAVE beat the consensus estimate in each of the trailing four quarters, delivering an earnings surprise of 32.4% on average.

Corpay, Inc. (CPAY - Free Report) has an Earnings ESP of +1.07% and a Zacks Rank of 3. The company is scheduled to report its third-quarter 2026 results on Nov. 4.

The Zacks Consensus Estimate for CPAY’s third-quarter 2026 revenues is pegged at $1.36 billion, indicating year-over-year growth of 16.1%. For earnings, the consensus mark is pegged at $7.18 per share, implying a 26% increase from the year-ago quarter’s actual.

Corpay beat the consensus estimate in each of the trailing four quarters, with the average earnings surprise being 3.6%.

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