Cadence Design Systems (Nasdaq: CDNS) is expected to report Q4 earnings around Jan. 30. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Cadence Design Systems's revenues will increase 10.7% and EPS will grow 17.6%.

The average estimate for revenue is $341.1 million. On the bottom line, the average EPS estimate is $0.20.

Revenue details
 Last quarter, Cadence Design Systems recorded revenue of $338.5 million. GAAP reported sales were 16% higher than the prior-year quarter's $292.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, EPS came in at $0.21. GAAP EPS of $0.21 for Q3 were 110% higher than the prior-year quarter's $0.10 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 84.9%, 190 basis points better than the prior-year quarter. Operating margin was 17.6%, 670 basis points better than the prior-year quarter. Net margin was 17.3%, 770 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.32 billion. The average EPS estimate is $0.77.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 169 members out of 212 rating the stock outperform, and 43 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Cadence Design Systems a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cadence Design Systems is outperform, with an average price target of $14.44.

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