Cree (Nasdaq: CREE ) is expected to report Q2 earnings on Jan. 22. 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 8.8% and EPS will increase 16.0%.
The average estimate for revenue is $330.8 million. On the bottom line, the average EPS estimate is $0.29.
Last quarter, Cree recorded revenue of $315.8 million. GAAP reported sales were 17% higher than the prior-year quarter's $269.0 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 $0.27. GAAP EPS of $0.14 for Q1 were 27% higher than the prior-year quarter's $0.11 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 36.8%, 40 basis points better than the prior-year quarter. Operating margin was 5.8%, 50 basis points better than the prior-year quarter. Net margin was 5.1%, 30 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.32 billion. The average EPS estimate is $1.20.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,099 members out of 1,183 rating the stock outperform, and 84 members rating it underperform. Among 223 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 206 give Cree a green thumbs-up, and 17 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 $32.77.
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