Cadence Design revenue and earnings beat forecasts by $0.04


Cadence Design (NASDAQ: CDNS) posted EPS of $0.96 for the fourth quarter, $0.04 over the consensus expectation of $0.92. Quarterly revenue came in at $900M, compared to the consensus forecast of $884.52M.


Cadence Design predicts Q1 2023 EPS of $1.23-$1.27 versus the expert estimate of $1.10.

Cadence Design anticipates revenue between $1,000,000.00M and $1,002.00M for the first quarter of 2023, compared to the analyst consensus of $930.00M.

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The average analyst estimate for FY 2023 is $4.70, but Cadence Design thinks its EPS will be between $4.90 and $5.00.

Analysts think that Cadence Design will make between $4 billion and $4.06 billion in FY 2023, while the average estimate is $3.88 billion.

Cadence Design’s stock price closed at $185.70. It has increased by 9.97% over the past three months and by 30.70% over the past year.

In the past 90 days, Cadence Design has seen 8 positive EPS adjustments and 0 negative EPS revisions. Observe the stock price’s historical responses to earnings here. The financial health score of Cadence Design is “performance.”

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