Earnings Outlook For Cadence Design Sys
Portfolio Pulse from Benzinga Insights
Cadence Design Systems (NASDAQ:CDNS) is set to release its quarterly earnings report on October 28, 2024. Analysts expect an EPS of $1.44. Despite past earnings beats, the stock has seen price declines post-announcement. The company has a Neutral analyst rating with a 15.94% potential upside. Compared to peers, Cadence ranks lower in revenue growth but has strong net margins and efficient debt management.
October 25, 2024 | 2:01 pm
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Cadence Design Systems is expected to report an EPS of $1.44. Despite past earnings beats, the stock has seen price declines post-announcement. The company has a Neutral analyst rating with a 15.94% potential upside.
Cadence Design Systems is releasing its earnings report soon, with analysts expecting an EPS of $1.44. Historically, even when the company beats earnings estimates, the stock price has declined, indicating that market reactions are more influenced by future guidance. The Neutral analyst rating and potential upside suggest mixed market sentiment. Therefore, the short-term impact on the stock price is uncertain, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100