CDNS Stock 12 Month Analyst Forecast
Eps Overview
Growth Next 5yrs
15.18%
Last Quarter
$0.87
Past Year
$3.70
Growth Past 5yrs
1.8%
Next Quarter
$1.79
Estimate Next Year
$15.09
Consensus Rating
Loading...
Consensus Price Target
Highest Price Target
$405.00
(
11.09% Upside
)Mean Price Target
$344.17
(
-5.59% Downside
)Lowest Price Target
$200.00
(
-45.14% Downside
)Recent Analyst Ratings
Upgrades, Downgrades, New Coverage
Actual EPS vs Estimated EPS
CDNS Earnings Per Share (EPS) History
According to financial reports, CDNS (NYSE: CDNS) reported an actual EPS of $0.87 for the quarter ending on Oct 28, 2024, compared to an estimated $1.44, resulting in a -39.58% surprise. In the prior quarter (Jul 22, 2024), CDNS recorded an actual EPS of $1.28 with a 4.07% surprise. See CDNS's full earnings history.
Earnings History
EPS Surprise Factor Analysis
CDNS has experienced notable EPS surprises, with the latest quarter ending Oct 28, 2024 showing a -39.58% miss. Previously, the quarter ending Jul 22, 2024 recorded a 4.07% beat. An EPS surprise factor indicates how much actual earnings deviate from analyst forecasts.
Frequently Asked Questions
Is CDNS stock getting favorable reviews from Wall Street analysts?
Brokerage firms have given CDNS stock an average recommendation of
Strong Buy. 29 analysts have given their ratings
to CDNS out of which
11 analysts have given strong buy call,
11 analysts have given buy call,
5 analysts rate it hold,
2 analysts advocate strong sell call, and
0 analysts has given sell rating. The average target price of
$344.17 gives the stock implied upside
of roughly -5.59% over the next year or so.
What have analysts suggested for CDNS highest price target?
Analysts suggest CDNS's stock price would rise to a high of $405.00.
What is the lowest price target analysts expect for CDNS over the next year?
Within the next 12 months, analysts predict the CDNS stock price could move to $200.00.
What is the average target price for CDNS?
CDNS stock has an average analyst estimate of $344.17.
At its current price, how far is CDNS from its average target price?
CDNS shares are currently trading -5.59% below this price target.
What were CDNS’s actual earnings per share for the recent quarter?
Its quarterly earnings per share (EPS) came in at $0.87 versus consensus estimates of $1.44, and below the comparable year-ago quarter’s EPS of $1.26.
What are the current estimates for quarterly and annual earnings per share?
CDNS's forecasts by analysts estimating quarterly EPS at $1.79 and $15.09 for the whole year.
What has CDNS's growth been in the past five years and what is expected in the next five years?
The analysts have projected 15.18% EPS growth for CDNS in the next five years, compared to growth rates of 1.8% in the past five years.