Cree Inc CREE:NASDAQ

Last Price$64.34NASDAQ Previous Close - Last Trade as of 3:59PM ET 7/14/20

Today's Change+3.58(5.89%)
Bid (Size)$62.55 (3)
Ask (Size)$300.00 (40)
Day Low / High$59.07 - 64.41
Volume1.3 M

Cree's 2020 and 2021 Forecast Reduced but Q2 Projection Scaled Up

1:26AM ET 11/01/2019 MT Newswires
Cree Inc's (NASDAQ:CREE, Recent Price: 48.12) consensus estimates for Q2 ending December 31, 2019, and the full year forecasts for 2020 and 2021 have been changed. The Q2 earnings estimate has been scaled up to $-0.02 per share up from the previous consensus forecast of $-0.05 per share, while the estimate for 2020 has been scaled down to $0.10 per share from the previous consensus forecast of $0.13 per share and the full year 2021 estimate has also been reduced from $0.91 per share to $0.88 per share. This consensus estimate is based on 9 estimates used to derive the Q2 forecast and 9 distributed estimates contained in the full year forecasts for both 2020 and 2021.