Factors to Note Ahead of Cadence's (CDNS) Q1 Earnings Release
CDNSCadence(CDNS) Zacks Investment Research·2024-04-17 19:30

Cadence Design Systems (CDNS) is scheduled to release first-quarter 2024 results on Apr 22. For the first quarter, Cadence expects total revenues in the range of 990million−990 million-1.01 billion. The Zacks Consensus Estimate is currently pegged at 1.01billion,suggestingadeclineof0.81.01 billion, suggesting a decline of 0.8% from a year ago. Management projects non-GAAP earnings per share (EPS) in the range of 1.10-1.14.TheZacksConsensusEstimateispeggedat1.14. The Zacks Consensus Estimate is pegged at 1.13, indicating a decline of 12.4% from the prior-year quarter’s reported figure. ...