Cree, Inc. is a leading provider of lighting-class light emitting diode (LED), lighting, and semiconductor products that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CREE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Creecould be a solid choice for investors.
Current Quarter Estimates for CREE
In the past 30 days, 1 estimate has gone higher for Creewhile none have gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from a loss of a penny a share 30 days ago, to 9 cents per share today, a significant move.
Current Year Estimates for CREE
Meanwhile, Cree’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, rising from 15 cents per share 30 days ago to 41 cents per share today, a significant increase.
Cree, Inc. Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 5.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Why Cree (CREE) Could Be Positioned for a Surge?
Cree, Inc. is a leading provider of lighting-class light emitting diode (LED), lighting, and semiconductor products that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CREE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Creecould be a solid choice for investors.
Current Quarter Estimates for CREE
In the past 30 days, 1 estimate has gone higher for Creewhile none have gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from a loss of a penny a share 30 days ago, to 9 cents per share today, a significant move.
Current Year Estimates for CREE
Meanwhile, Cree’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, rising from 15 cents per share 30 days ago to 41 cents per share today, a significant increase.
Cree, Inc. Price and Consensus
Cree, Inc. Price and Consensus | Cree, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 5.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>