What to Expect Ahead of Cadence's (CDNS) Q4 Earnings Release?
Cadence(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-$1.079 billion. The Zacks Consensus Estimate is currently pegged at $1.07 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. The Zacks Consensus Estimate is pegged at $1.34, indicating an increase of 40% from the prior-year quarter’s reported figure.The ...