The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Cree's revenues will improve 26.0% and EPS will wither -17.9%.
The average estimate for revenue is $306.2 million. On the bottom line, the average EPS estimate is $0.23.
Last quarter, Cree booked revenue of $284.8 million. GAAP reported sales were 30% higher than the prior-year quarter's $219.2 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 $0.20. GAAP EPS of $0.08 for Q3 were 53% lower than the prior-year quarter's $0.17 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 34.9%, 680 basis points worse than the prior-year quarter. Operating margin was 2.0%, 720 basis points worse than the prior-year quarter. Net margin was 3.3%, 530 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.16 billion. The average EPS estimate is $0.93.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,116 members out of 1,207 rating the stock outperform, and 91 members rating it underperform. Among 213 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 190 give Cree a green thumbs-up, and 23 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 $33.00.
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