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Cree's Consensus Forecasts for Q2, 2020, and 2021 Earnings Lowered

4:21PM ET 11/07/2019 MT Newswires
Cree Inc's (NASDAQ:CREE, Recent Price: 51.08) earnings forecasts for Q2 ending December 31, 2019, and the forecasts for 2020 and 2021 have been reduced. The Q2 earnings estimate has been decreased to $-0.08 per share down from the previous consensus estimate of $-0.07 per share, while the estimate for 2020 has been decreased to $-0.17 per share from the consensus forecast of $-0.11 per share and the full year 2021 estimate has also been scaled down from $0.46 per share to $0.42 per share. There are currently 9 estimates used to derive the Q2 forecast and 9 and 10 available estimates contained in the full year forecasts for 2020 and 2021, respectively.