Autodesk, Inc.

NASDAQ Global Select
Back to all articles
Slightly Bullish +25

Autodesk (ADSK) Increases Despite Market Slip: Here's What You Need to Know

📈 Autodesk stock rose +1.31% to $247.54, outperforming the S&P 500 despite a market decline.

📉 Over the past month, ADSK gained 2.63%, which was lower than the Computer and Technology sector's 18.71% increase.

💰 Analysts expect quarterly earnings of $2.84 per share, representing a projected 24.02% year-over-year growth.

📊 Revenue is estimated at $1.89 billion for the quarter, indicating a 16.02% increase from the prior year.

📅 Full-year analyst projections suggest earnings of $12.38 per share and revenue of $8.15 billion.

🔄 The full-year earnings outlook shows an expected 18.7% increase compared to last year.

👍 Recent revisions to analyst estimates are seen as a positive indicator for the company's business outlook.

⚖️ Autodesk currently trades at a Forward P/E ratio of 19.74, slightly above the industry average of 19.38.

📈 The company has a PEG ratio of 1.22, compared to an industry average of 1.09 for Internet - Software.

🏆 Autodesk holds a Zacks Industry Rank of 70, placing it in the top 29% of industries tracked by Zacks.

🎯 The current Zacks Rank for Autodesk is #3 (Hold), with no change to consensus EPS projections in the last 30 days.

📉 Top-ranked Zacks #1 stocks have historically delivered an average annual return of +25% since 1988.

🔗 Investors are encouraged to monitor additional stock-moving metrics on Zacks.com for further analysis.

Bullish Signals
  • Autodesk stock gained +1.31% to close at $247.54, outperforming the S&P 500 which lost 0.41%.
  • Analysts project quarterly earnings of $2.84 per share, representing a strong year-over-year growth of 24.02%.
  • Consensus revenue estimates for the quarter stand at $1.89 billion, indicating a robust 16.02% increase compared to the prior year.
  • Full-year analyst expectations suggest earnings of $12.38 per share and revenue of $8.15 billion, marking positive growth of +18.7% and +13.04% respectively from last year.
  • Autodesk is traded at a Forward P/E ratio of 19.74, which is slightly above the industry average of 19.38, reflecting market confidence in its premium valuation.
  • The company holds a Zacks Rank #3 (Hold), indicating stability within a model that has historically delivered strong outperformance for top-ranked stocks.
  • Autodesk's PEG ratio stands at 1.22, which is reasonable relative to the Internet - Software industry average of 1.09 when accounting for expected earnings growth.
  • The Internet - Software industry belongs to a sector ranked in the top 29% of over 250 industries according to the Zacks Industry Rank system.
Risk Factors
  • Autodesk's stock has underperformed significantly over the past month, climbing only 2.63% compared to the Computer and Technology sector's substantial gain of 18.71%.
  • The stock is currently trading at a Forward P/E ratio of 19.74, which indicates a valuation premium over its industry average of 19.38.
  • Autodesk's PEG ratio stands at 1.22, exceeding the Internet - Software industry average of 1.09, suggesting the stock may be priced higher relative to its expected earnings growth.
  • Analyst consensus estimates for quarterly earnings are flat in terms of recent revisions, resulting in Autodesk being downgraded to a Zacks Rank #3 (Hold) from potentially more bullish ratings.
  • Autodesk is ranked at position 70 out of over 250 industries by the Zacks Industry Rank, placing it only in the top 29%, which implies the company faces competitive pressure relative to many peers.
Full Analysis
Autodesk Inc. (ADSK) shares rose 1.31% to $247.54 during the latest trading session, outperforming the S&P 500 which fell 0.41%, though the stock has underperformed over the past month with a gain of 2.63% compared to an 18.71% sector rise. Analysts anticipate Autodesk to report quarterly earnings of $2.84 per share, representing a 24.02% year-over-year increase, and revenue of $1.89 billion, which would mark a 16.02% growth compared to the same quarter last year. Full-year consensus estimates project earnings of $12.38 per share and total revenue of $8.15 billion, implying double-digit growth for both metrics over the trailing twelve months. Valuation metrics indicate Autodesk is trading at a forward price-to-earnings ratio of 19.74, slightly above the industry average of 19.38, while its PEG ratio stands at 1.22 compared to an industry average of 1.09, suggesting the stock may be priced at a premium relative to peers. The company currently holds a Zacks Rank of #3 (Hold) based on stagnant EPS projections over the last 30 days and belongs to the Internet - Software industry, which ranks in the top 29% of industries analyzed by Zacks Investment Research. Investors should monitor upcoming financial results for any changes in analyst estimates that could influence future stock price performance.