CREE, INC (CREE)

EARNINGS RELEASE WEDNESDAY - APRIL 29 (AMC)

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JUMP REPORT

Avg Daily Volume: 1,757,734    Market Cap: 3.64B
Sector: Technology    Short Interest: 8.57

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:     -.15/share     REV:  216.05/M
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     LAST QTR:  EPS:     -.09/share     ACTUAL:   -.10/share  (MISS)
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     NEXT QTR:  EPS:     -.17/share      REV:  203.04/M
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     FULL YR:     EPS:      -.53/share    REV: 903.56/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD:  47% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -10.14, -15.9, -17.17

EXPECTED JUMP MOVE:  12+%

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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading. 

Links To Latest News and Headlines

28 Oct, 2020 @ 21:45 by Yahoo! Finance

Cree (CREE) delivered earnings and revenue surprises of 13.64% and 3.51%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

28 Oct, 2020 @ 20:36 by Yahoo! Finance

Shares of Cree (NASDAQ:CREE) decreased 2.62% in after-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 533.33% over the past year to ($0.19), which beat the estimate of ($0.21).Revenue of $216,600,000 decreased by 10.79% from the same period last year, which beat the estimate of $209,880,000.Looking Ahead Cree Sees Q2 EPS $(0.27)-$(0.23) Vs. $(0.18) Est.Conference Call Details Date: Oct 28, 2020Time: 05:00 PMView more earnings on CREEET Webcast URL: https://edge.media-server.com/mmc/p/cqa9zsxnRecent Stock Performance Company’s 52-week high was at $77.1952-week low: $27.77Price action over last quarter: Up 4.60%Company Overview Cree Inc is a United States-based company which is involved in the manufacturing of wide bandgap semiconductor products for power and radio-frequency (RF) applications, lighting-class light-emitting diode (LED) products, and lighting products. It operates in two reportable segments: Wolfspeed and LED products. The Wolfspeed segment’s products consist of silicon carbide and gallium nitride materials, power devices and RF devices based on silicon and wide bandgap semiconductor materials. The LED products segment, which is the key revenue driver, consist of LED chips and LED components. Geographically, the company conducts business in the United States, China, Europe, and other areas.See more from Benzinga * Click here for options trades from Benzinga * Earnings Outlook for Cree * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Cree, Inc. (Nasdaq: CREE) today announced revenue of $216.6 million for its first quarter of fiscal 2021, ended September 27, 2020.

27 Oct, 2020 @ 14:12 by Yahoo! Finance

Cree (NASDAQ: CREE) unveils its next round of earnings this Wednesday, October 28. Get prepared with Benzinga’s ultimate preview for Cree’s Q1 earnings.Net Income, Earnings, And Earnings Per Share Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.Earnings And Revenue Sell-side analysts are expecting Cree’s loss per share to be near $0.21 on sales of $209.88 million. Cree’s loss in the same period a year ago was $0.03 per share. Quarterly sales came in at $242.80 million.Why Analyst Estimates And Earnings Surprises Are Important Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the “consensus estimates”; these consensus estimates can have a significant effect on a company’s performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an “earnings surprise”, which can really move a stock depending on the difference between actual and estimated values.View more earnings on CREEThe analyst consensus estimate would represent a 600.0% decrease in the company’s earnings. Sales would be down 13.56% on a year-over-year basis. Here is how the company’s reported EPS has compared to analyst estimates in the past:Quarter Q4 2020 Q3 2020 Q2 2020 Q1 2019 EPS Estimate -0.19 -0.15 -0.09 -0.05 EPS Actual -0.18 -0.14 -0.10 -0.03 Revenue Estimate 198.70 M 222.75 M 236.38 M 239.71 M Revenue Actual 205.70 M 215.50 M 239.90 M 242.80 M Stock Performance Shares of Cree were trading at $71.19 as of October 26. Over the last 52-week period, shares are up 47.37%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.Do not be surprised to see the stock move on comments made during its conference call. Cree is scheduled to hold the call at 17:00:00 ET and can be accessed here.See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Cree, Inc. will conduct a conference call and audio webcast to discuss its first quarter fiscal 2021 results and business outlook on October 28, 2020.

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