NasdaqGS - Delayed Quote • USD
Cadence Design Systems, Inc. (CDNS)
At close: April 24 at 4:00 PM EDT
After hours: April 24 at 7:56 PM EDT
Earnings Estimate
| CURRENCY IN USD | Current Qtr. (Jun 2024) | Next Qtr. (Sep 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 11 | 11 | 15 | 14 |
| Avg. Estimate | 1.25 | 1.6 | 5.93 | 6.97 |
| Low Estimate | 1.22 | 1.52 | 5.88 | 6.5 |
| High Estimate | 1.48 | 1.73 | 5.99 | 7.76 |
| Year Ago EPS | 1.22 | 1.26 | 5.15 | 5.93 |
Revenue Estimate
| CURRENCY IN USD | Current Qtr. (Jun 2024) | Next Qtr. (Sep 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 11 | 11 | 16 | 15 |
| Avg. Estimate | 1.06B | 1.23B | 4.59B | 5.19B |
| Low Estimate | 1.04B | 1.15B | 4.57B | 5.06B |
| High Estimate | 1.26B | 1.61B | 4.66B | 5.35B |
| Year Ago Sales | 974.86M | 1.02B | 4.09B | 4.59B |
| Sales Growth (year/est) | 8.90% | 20.40% | 12.30% | 13.10% |
Earnings History
| CURRENCY IN USD | 6/30/2023 | 9/30/2023 | 12/31/2023 | 3/31/2024 |
|---|---|---|---|---|
| EPS Est. | 1.18 | 1.2 | 1.33 | 1.13 |
| EPS Actual | 1.22 | 1.26 | 1.38 | 1.17 |
| Difference | 0.04 | 0.06 | 0.05 | 0.04 |
| Surprise % | 3.40% | 5.00% | 3.80% | 3.50% |
EPS Trend
| CURRENCY IN USD | Current Qtr. (Jun 2024) | Next Qtr. (Sep 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Current Estimate | 1.25 | 1.6 | 5.93 | 6.97 |
| 7 Days Ago | 1.43 | 1.61 | 5.94 | 6.96 |
| 30 Days Ago | 1.41 | 1.61 | 5.94 | 6.95 |
| 60 Days Ago | 1.41 | 1.61 | 5.94 | 6.95 |
| 90 Days Ago | 1.42 | 1.49 | 5.89 | 6.78 |
EPS Revisions
| CURRENCY IN USD | Current Qtr. (Jun 2024) | Next Qtr. (Sep 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Up Last 7 Days | -- | 3 | 7 | 7 |
| Up Last 30 Days | -- | 3 | 8 | 8 |
| Down Last 7 Days | -- | -- | -- | -- |
| Down Last 30 Days | 10 | 6 | 3 | 3 |
Growth Estimates
| CURRENCY IN USD | CDNS | Industry | Sector | S&P 500 |
|---|---|---|---|---|
| Current Qtr. | 2.50% | -- | -- | 1.50% |
| Next Qtr. | 27.00% | -- | -- | 11.40% |
| Current Year | 15.10% | -- | -- | 5.20% |
| Next Year | 17.50% | -- | -- | 13.40% |
| Next 5 Years (per annum) | 17.75% | -- | -- | 11.09% |
| Past 5 Years (per annum) | 22.66% | -- | -- | -- |
Research Analysis
Upgrades & Downgrades
| Reiterates | Needham: Buy to Buy | 4/23/2024 |
| Maintains | Piper Sandler: Neutral to Neutral | 4/23/2024 |
| Maintains | Rosenblatt: Neutral to Neutral | 4/22/2024 |
| Maintains | Baird: Outperform to Outperform | 4/19/2024 |
| Reiterates | Needham: Buy to Buy | 4/19/2024 |
| Maintains | Baird: Outperform to Outperform | 4/18/2024 |
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