FMP
Cadence Reports Q1 Beat, Outlook In Line With Expectations
Apr 23, 2024 3:18 PM - Davit Kirakosyan
Image credit: FMP
Cadence Design Systems (NASDAQ:CDNS) reported fiscal Q1 earnings that surpassed expectations but provided full-year guidance in line with analyst projections. The company, specializing in computational software, announced earnings per share (EPS) of $1.17, exceeding the consensus of $1.13. Revenue for the quarter was also higher than anticipated, at $1.01 billion compared to the expected $1 billion.
However, the adjusted operating margin decreased to 38% from 42% the previous year, though it was still above the anticipated 37.1%.
For the full 2024 year, Cadence expects an EPS range of $5.88 to $5.98, aligning closely with the consensus estimate of $5.94. Projected revenues are set to be between $4.56 billion and $4.62 billion, compared to the consensus estimate of $4.591 billion.
Other Blogs
Oct 31, 2023 8:03 AM - Parth Sanghvi
FCFF vs FCFE: What's the Difference?
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...
