Earnings Forecast Research on Cree, Inc. (CREE)

Cree, Inc. has received $0.09 as the consensus Earnings Estimate for the Quarter ending on Mar 2017 ,According to the estimate provided by 1 Financial Advisor in the Stock Trading Firms. The EPS growth rate is projected at 350%.

Cree, Inc. reported better than expected with a surprise EPS of 12.5% or $0.01 during its most recent quarterly earnings. The Actual EPS was $0.09 compared to the Estimated EPS of $0.08. Durham based Cree, Inc. Last reported the Quarter results on Dec 31, 2016 and the Next earnings date is scheduled to be released on Apr 25, 2017.

Cree, Inc. has a Price to Earnings ratio of 120.57 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 1.2. For the Most Recent Fiscal Year, Cree, Inc. has a price to cash ratio of 13.66. For the Trailing twelve month period, company showed a Net Profit Margin of -0.26% and Return on Equity of the stock is 1.06%.

In the last quarter, Cree, Inc. reported Annual Earnings of $0.09. Based on the filings, last years Annual Earnings was, $0.39. In the last Quarter, CREE reported a surprise Earnings per Share of 12.5% . The consensus estimate for current quarter is $0.09 and for the current fiscal year, the estimate is $0.41. For the Next fiscal year, the estimate is $0.36 based on the consensus.

Cree, Inc. (NASDAQ:CREE) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 0.15 points or 0.54% at $27.58 with 1,283,059 shares getting traded. Post opening the session at $27.56, the shares hit an intraday low of $27.35 and an intraday high of $27.79 and the price was in this range throughout the day. The company has a market cap of $2,686 million and the number of outstanding shares has been calculated to be 97,404,938 shares. The 52-week high of Cree, Inc. (NASDAQ:CREE) is $32.92 and the 52-week low is $20.75.

Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Crees market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies.

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