Analysts on Wall Street project that Autodesk (ADSK) will announce quarterly earnings of $2.63 per share in its forthcoming report, representing an increase of 14.9% year over year. Revenues are projected to reach $1.91 billion, increasing 16.5% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Autodesk metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Net Revenue- Subscription' should arrive at $1.79 billion. The estimate suggests a change of +17.3% year over year.
The consensus among analysts is that 'Net Revenue- Maintenance' will reach $9.35 million. The estimate indicates a change of -6.5% from the prior-year quarter.
The average prediction of analysts places 'Net Revenue- Other' at $115.81 million. The estimate indicates a change of +8.2% from the prior-year quarter.
Analysts' assessment points toward 'Net Revenue- Total subscription and maintenance revenue' reaching $1.79 billion. The estimate suggests a change of +17.2% year over year.
The consensus estimate for 'Net Revenue by Product Family- M&E (Media and Entertainment)' stands at $110.83 million. The estimate suggests a change of +31.9% year over year.
The collective assessment of analysts points to an estimated 'Net Revenue by Product Type- Other' of $118.93 million. The estimate points to a change of +11.2% from the year-ago quarter.
Analysts predict that the 'Net Revenue by Product Family- Other' will reach $43.38 million. The estimate points to a change of +49.6% from the year-ago quarter.
Analysts forecast 'Net Revenue by Product Family- AECO (Architecture, Engineering, Construction and Operations)' to reach $953.60 million. The estimate suggests a change of +19.4% year over year.
Analysts expect 'Net Revenue by Product Type- Make' to come in at $211.91 million. The estimate indicates a change of +20.4% from the prior-year quarter.
According to the collective judgment of analysts, 'Net Revenue by Product Type- Design' should come in at $1.58 billion. The estimate points to a change of +16.4% from the year-ago quarter.
It is projected by analysts that the 'Net Revenue by Product Family- MFG (Manufacturing)' will reach $346.97 million. The estimate indicates a year-over-year change of +9.1%.
The combined assessment of analysts suggests that 'Billings' will likely reach $2.54 billion. The estimate is in contrast to the year-ago figure of $2.11 billion.
View all Key Company Metrics for Autodesk here>>>
Over the past month, Autodesk shares have recorded returns of -15.9% versus the Zacks S&P 500 composite's +1.8% change. Based on its Zacks Rank #4 (Sell), ADSK will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Autodesk, Inc. (ADSK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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