Factors Likely To Impact Cadence (CDNS) This Earnings Season
Zacks Investment Research | Apr 17, 2019 11:49PM ET
Cadence Design Systems Inc. (NASDAQ:CDNS) is set to report first-quarter 2019 results on Apr 22. Notably, the company has surpassed the Zacks Consensus Estimate in the trailing four quarters, recording a positive earnings surprise of 11.4%.
Cadence had delivered robust fourth-quarter 2018 results, wherein both the top and bottom line outpaced the respective Zacks Consensus Estimate. The figures also were higher than management’s respective guided ranges and increased on a year-over-year basis.
For first-quarter 2019, Cadence expects total revenues under ASC 606 in the range of $565 million to $575 million and non-GAAP earnings in the band of 48 cents to 50 cents per share.
The Zacks Consensus Estimate for first-quarter earnings is pegged at 50 cents, unchanged for the last 30 days. This reflects an increase of about 25% from year-ago earnings. The Zacks Consensus Estimate for quarterly sales stands at $567.1 million, suggesting an increase of 9.6% year over year.
Let’s see how things are shaping up prior to this announcement.
Cadence Design Systems, Inc. Price and EPS Surprise
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