Autodesk (ADSK) Scheduled to Post Earnings on Thursday
Autodesk (NASDAQ:ADSK) is scheduled to be posting its Q115 quarterly earnings results on Thursday, May 15th. Analysts expect Autodesk to post earnings of $0.21 per share and revenue of $568.58 million for the quarter. Autodesk has set its Q1 guidance at $0.19-$0.22 EPS.Parties interested in registering for the company’s conference call can do so using this link.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.06. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $572.84 million. During the same quarter last year, the company posted $0.53 earnings per share. Autodesk’s revenue was down 3.3% compared to the same quarter last year. On average, analysts expect Autodesk to post $1.15 EPS for the current fiscal year and $1.51 EPS for the next fiscal year.
Shares of Autodesk (NASDAQ:ADSK) opened at 48.32 on Wednesday. Autodesk has a 1-year low of $33.01 and a 1-year high of $58.68. The stock’s 50-day moving average is $47.83 and its 200-day moving average is $48.59. The company has a market cap of $10.978 billion and a P/E ratio of 48.61. Autodesk also saw some unusual options trading on Monday. Stock traders bought 11,030 call options on the stock. This is an increase of 254% compared to the typical daily volume of 3,113 call options.
A number of analysts have recently weighed in on ADSK shares. Analysts at Pacific Crest upgraded shares of Autodesk from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 6th. Finally, analysts at Robert W. Baird cut their price target on shares of Autodesk from $60.00 to $56.00 in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Autodesk currently has an average rating of “Hold” and a consensus price target of $55.47.
Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.
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