What to Expect Ahead of Cadence's (CDNS) Q4 Earnings Release?
CDNSCadence(CDNS) Zacks Investment Research·2024-02-08 22:46

Cadence Design Systems (CDNS) is scheduled to release fourth-quarter 2023 results on Feb 12. For the fourth quarter, Cadence expects total revenues in the range of 1.039−1.039-1.079 billion. The Zacks Consensus Estimate is currently pegged at 1.07billion,suggestinganincreaseof18.71.07 billion, suggesting an increase of 18.7% from a year ago. Management projects non-GAAP earnings per share (EPS) in the range of 1.30-1.36.TheZacksConsensusEstimateispeggedat1.36. The Zacks Consensus Estimate is pegged at 1.34, indicating an increase of 40% from the prior-year quarter’s reported figure. ...