CRNC Earnings

CRNC reported its earnings on 2026-05-07, showcasing a revenue of 64.19M against an estimate of 60.92M, resulting in a 5.37% surprise. The EPS was 0.04, surpassing the expected 0.08 by -50%. The stock experienced a -6.36% price change on the earnings day and a 1.33% change over the next five days, reflecting market reactions to the results.

Following CRNC's earnings announcement on 2026-05-07, the stock price moved by -6.36% on the day of the release. Over the subsequent five days, it saw a 1.33% change. Historically, CRNC's stock price tends to shift by an average of 4.33% in the 10 days leading up to earnings and 3.5% in the 10 days following, providing insight into potential market.

For 2026/Q3, analysts estimate CRNC's annual revenue to reach 66.97M, while the EPS is projected at 0.17. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between CRNC's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2026 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, CRNC's stock price typically moves by 4.33% in the 10 days before its earnings and 3.5% in the 10 days after. For the upcoming 2026/Q3 earnings, analysts expect an EPS of 0.17 and revenue of 66.97M.

The earnings call summary reveals a decline in revenue and net income, primarily due to lower demand in the automotive sector and increased R&D investments, respectively. Although gross margin and free cash flow improved, the overall financial performance is weak. The lack of discussion on strategic initiatives and operational updates, combined with management's acknowledgment of risks, adds to the negative sentiment. The absence of clear guidance or new positive developments in the Q&A further supports a negative outlook for the stock price in the short term.