Cree (Nasdaq: CREE ) is expected to report Q1 earnings on Oct. 16. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Cree's revenues will grow 18.1% and EPS will expand 4.0%.
The average estimate for revenue is $317.6 million. On the bottom line, the average EPS estimate is $0.26.
Last quarter, Cree recorded revenue of $306.8 million. GAAP reported sales were 26% higher than the prior-year quarter's $243.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.25. GAAP EPS of $0.09 for Q4 were 50% lower than the prior-year quarter's $0.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 34.3%, 380 basis points worse than the prior-year quarter. Operating margin was 3.8%, 480 basis points worse than the prior-year quarter. Net margin was 3.3%, 490 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.35 billion. The average EPS estimate is $1.23.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,115 members out of 1,203 rating the stock outperform, and 88 members rating it underperform. Among 212 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 192 give Cree a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cree is outperform, with an average price target of $34.41.
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