Market Overview

Earnings Outlook For Cree

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Cree (NASDAQ: CREE) unveils its next round of earnings this Tuesday, August 18. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

Analysts covering Cree have modeled for quarterly EPS loss of $0.19 on revenue of $198.70 million. In the same quarter last year, Cree reported earnings per share of $0.11 on sales of $251.20 million. If the company were to match the consensus estimate, earnings per share would be down 272.73%. Sales would be down 20.9% from the same quarter last year. Cree's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2019 Q4 2019
EPS Estimate -0.15 -0.09 -0.05 0.11
EPS Actual -0.14 -0.10 -0.03 0.11
Revenue Estimate 222.75 M 236.38 M 239.71 M 248.95 M
Revenue Actual 215.50 M 239.90 M 242.80 M 251.20 M

Stock Performance

Over the last 52-week period, shares are up 25.41%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Cree is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/qoz9im5t

 

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