Cadence (CADE) Beats Q3 Earnings Estimates

Core Insights - Cadence (CADE) reported quarterly earnings of $0.81 per share, exceeding the Zacks Consensus Estimate of $0.78 per share, and showing an increase from $0.73 per share a year ago, resulting in an earnings surprise of +3.85% [1] - The company posted revenues of $517.21 million for the quarter ended September 2025, which was below the Zacks Consensus Estimate by 1.98%, compared to $447.36 million in the same quarter last year [2] - Over the last four quarters, Cadence has surpassed consensus EPS estimates four times but has only topped revenue estimates once [2] Earnings Outlook - The sustainability of Cadence's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.83, with expected revenues of $533.03 million, and for the current fiscal year, the EPS estimate is $3.01 on revenues of $1.99 billion [7] Industry Context - The Zacks Industry Rank for Banks - Southeast, to which Cadence belongs, is currently in the top 31% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5][6]