Cadence Design Systems Earnings Preview: Can This Streak Continue?

Cadence Design Systems (NASDAQ:CDNS) will report earnings after markets close on Wednesday, July 24th. Cadence Design Systems, Inc. provides software technology, design and consulting services and technology. The Company licenses its electronic design automation software technology and provides a variety of professional services. Cadence’s design realization solutions are used to design and develop complex chips and electronic systems, including semiconductors.

Here is your Cheat Sheet to Cadence Design Systems Earnings:

Earnings Expectations: Analysts expect earnings of $0.20 per share on revenues of $359.60 million. Currently, the company’s P/E ratio stands at 9.13.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.23 and has not changed. For the current year, the average estimate is a profit of $0.88, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Cadence Design Systems has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,039 853 936 1,150 1,326
Diluted EPS ($) -7.29 -0.58 0.54 0.27 1.57

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 326.48 338.53 345.58 354.27
Diluted EPS ($) 0.13 0.21 1.10 0.27

Past Performance:
Cadence Design Systems has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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