Autodesk (ADSK) closed at $305.18 in the latest trading session, marking a +2% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 1.21%.
Shares of the design software company have depreciated by 4.99% over the course of the past month, underperforming the Computer and Technology sector's gain of 2.75%, and the S&P 500's gain of 0.47%.
Analysts and investors alike will be keeping a close eye on the performance of Autodesk in its upcoming earnings disclosure. The company's earnings report is set to go public on August 28, 2025. The company is forecasted to report an EPS of $2.44, showcasing a 13.49% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.73 billion, up 14.65% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.64 per share and a revenue of $6.97 billion, signifying shifts of +13.81% and +13.67%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Autodesk. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.12% higher. Currently, Autodesk is carrying a Zacks Rank of #2 (Buy).
Investors should also note Autodesk's current valuation metrics, including its Forward P/E ratio of 31.04. Its industry sports an average Forward P/E of 28.48, so one might conclude that Autodesk is trading at a premium comparatively.
Meanwhile, ADSK's PEG ratio is currently 1.97. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 2.2 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 79, finds itself in the top 32% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Autodesk, Inc. (ADSK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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