Earnings Outlook For Cadence Design Sys

Cadence Design Sys CDNS is set to give its latest quarterly earnings report on Monday, 2023-10-23. Here's what investors need to know before the announcement.

Analysts estimate that Cadence Design Sys will report an earnings per share (EPS) of $1.20.

Cadence Design Sys bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.04, which was followed by a 1.24% drop in the share price the next day.

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

Stock Performance

Shares of Cadence Design Sys were trading at $245.06 as of October 19. Over the last 52-week period, shares are up 52.41%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Cadence Design Sys visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.