Cree (CREE) Set to Announce Earnings on Monday

Cree (NASDAQ:CREE) will be releasing its earnings data after the market closes on Monday, January 22nd. Analysts expect Cree to post earnings of $0.01 per share for the quarter. Cree has set its Q2 guidance at ($0.01)-$0.04 EPS.

Cree (NASDAQ:CREE) last issued its quarterly earnings results on Tuesday, October 17th. The LED producer reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Cree had a negative return on equity of 0.44% and a negative net margin of 8.42%. The firm had revenue of $360.00 million for the quarter, compared to analyst estimates of $360.01 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year. On average, analysts expect Cree to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cree (NASDAQ:CREE) opened at $36.84 on Monday. Cree has a 12 month low of $20.50 and a 12 month high of $40.24. The company has a quick ratio of 3.61, a current ratio of 4.82 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3,615.29, a P/E ratio of -30.20 and a beta of 1.26.

Several brokerages have issued reports on CREE. Zacks Investment Research raised Cree from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. KeyCorp reissued a “hold” rating on shares of Cree in a research note on Monday, December 11th. Roth Capital set a $35.00 price target on Cree and gave the company a “buy” rating in a research note on Monday, October 16th. JPMorgan Chase & Co. lowered Cree from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $23.00 to $28.00 in a research note on Friday, October 6th. Finally, Williams Capital lowered Cree from a “hold” rating to a “sell” rating and set a $27.00 price target on the stock. in a research note on Thursday, October 19th. Eight research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Cree has a consensus rating of “Hold” and a consensus price target of $28.18.

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About Cree

Cree, Inc is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Company’s products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems.

Earnings History for Cree (NASDAQ:CREE)

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