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Earnings Outlook For Cadence Design Sys

Cadence Design Sys (NASDAQ:CDNS) will release its quarterly earnings report on Monday, 2024-10-28. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Cadence Design Sys to report an earnings per share (EPS) of $1.44.

Anticipation surrounds Cadence Design Sys's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Overview of Past Earnings

The company's EPS beat by $0.06 in the last quarter, leading to a 1.42% drop in the share price on the following day.

Here's a look at Cadence Design Sys's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.22

1.13

1.33

1.20

EPS Actual

1.28

1.17

1.38

1.26

Price Change %

-1.0%

-1.0%

-4.0%

-1.0%

Tracking Cadence Design Sys's Stock Performance

Shares of Cadence Design Sys were trading at $251.28 as of October 24. Over the last 52-week period, shares are up 9.73%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Perspectives on Cadence Design Sys

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Cadence Design Sys.

Cadence Design Sys has received a total of 6 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $291.33, the consensus ...