News

Cree (CREE): Strong Industry, Solid Earnings Estimate Revisions

Feb 8, 2017

One stock that might be an intriguing choice for investors right now is Cree, Inc. (CREE - Free Report) . This is because this security in the Semiconductor - Discretes space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Semiconductor - Discretes space as it currently has a Zacks Industry Rank of 17 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Cree is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Cree, Inc. Price and Consensus

Cree, Inc. Price and Consensus | Cree, Inc. Quote

In fact, over the past month, current quarter estimates have swung from a loss of a penny per share to earnings of 9 cents per share, while current year estimates have risen from 15 cents per share to 41 cents per share. This has helped CREE to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Cree. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today

In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>

Comments (4)

Jessica Moore

This article about electronic components is well-written and informative. It covers a wide range of topics and provides valuable insights into the world of electronics. I found the explanations to be clear and easy to understand, even for someone with limited technical knowledge.

November 30, 2019
1. Adam Taylor
  
  I also enjoyed reading this article. It's great to see such clear explanations of complex topics. Looking forward to reading more from this author in the future.
  
  December 5, 2019
Ryan Ford

I completely agree with the previous reviewer. This article is an excellent resource for anyone interested in learning about electronic components. I particularly appreciated the section on common types of resistors and how to read their values. Keep up the good work!

December 5, 2020

Cree (CREE): Strong Industry, Solid Earnings Estimate Revisions

Related Posts

Comments (4)

Write A Comment

About Blog

Popular News

CONTACT US

INFORMATION

QUICK LINKS