A "consensus" looks to be an average of predictions from all the analysts. Click news on google finance. Regardless, I'm sure they do have a turnaround plan, but I cant wait that long. Can the market wait that long with the DOW near record highs and "increased price erosion" and a recalll, and being sold in only ONE retail store?
Direct from themarketsdaily:
Jul 23, 2015 Markets Staff
Analysts on the Street are expecting Cree, Inc. (NASDAQ:CREE) to post an earnings per share number of $-0.16 for the quarter that ends on 2015-06-30. The figure is the consensus from all of the firms that have issued estimates on the company.
Even after stock buy backs they cant keep it from dropping. Most poorly run company.
From a technical chart analyst(which I am not) we are like in 2012 lows so this won't go up until 2016 based on past performance. But this time is different,. Based on macro-economic factors and the Greece crisis, they have head winds, especially considering they have a quite high P/E.
Words from a devoted employee who wants to keep her job who owns no shares of CREE but thinks its a good investment for everyone else.
Don't you just love the double speak, and spin of corporate executives. "Higher LED average selling price erosion" than what had been predicted?--- #$%$! Why are they not able to show(market to customers) that their product demands a higher price than their competitors? Underutilization of Cree's LED factory?--- #$%$ again! Maybe its because customers aren't buying CREE products like they had predicted.
I'm getting so tired of ths. They keep patting themselves on the back with their award winning products. So why did the stock lose one third its value in one year. Let me guess --- earnings aren't what it should be because customers aren't buying their AWARD winning bulbs due to sluggish management not able to stay competitive and position their products where customers will buy. And another thing, why isn't their stock repurchase plan causing the price to go up? They sure don't seem to be concerned about shareholders. How putting cash towards a dividend?