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.
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 $0.88, which is worse than the estimate ninety days ago.
Here’s how Cadence Design Systems has been performing on an annual basis:
|Revenue ($) 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|
Cadence Design Systems has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)