Cadence Design Systems (NASDAQ: CDNS) has announced that it will be unveiling its third quarter financial results on Monday 28th October 2024. This eagerly anticipated announcement is scheduled to occur after market close, ensuring that investors and analysts have the opportunity to gain valuable insights into the company's performance during the quarter.
In accordance with the forecasts of financial specialists on Wall Street, the concern is primed to announce an anticipated $1.44 profit per share for the quarter. Additionally, the company is projected to reveal a total revenue of $1.18 billion for this particular period.
The company's yearly performance has been analyzed by Wall Street analysts, who have projected a total revenue of $4.63 billion. Additionally, they are expecting the company to achieve a per share profit of $5.89 for the fiscal year 2024.
During the same quarter of the previous year, the company's earnings report indicated a per-share income of $1.26. This noteworthy figure was a direct outcome of the company's total revenue, which reached an impressive $1.02 billion during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.28 | +4.9% | 1.06 B | +8.6% |
| Q1 2024 | $1.17 | -9.3% | 1.01 B | -1.3% |
| Q4 2023 | $1.38 | +43.8% | 1.07 B | +18.8% |
| Q3 2023 | $1.26 | +18.9% | 1.02 B | +13.3% |
| Q2 2023 | $1.22 | +13.0% | 976.58 M | +13.9% |
| *Growth on year-over-year basis | ||||
In addition, The firm will review the third quarter financial results on 28th October 2024 at 08:00 PM eastern time, in a conference call with public.
During Thursday's trading, Cadence Design Systems (CDNS) shares reached a low of $247.46 and a high of $251.87, along with a total volume of 1.79 million shares. The stock ended the regular trading session at $251.28, marking an advance of 0.88 percent.
