We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Autodesk (ADSK) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
Autodesk (ADSK - Free Report) ended the recent trading session at $243.16, demonstrating a +1.6% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.26%. On the other hand, the Dow registered a gain of 0.24%, and the technology-centric Nasdaq increased by 0.36%.
The design software company's stock has dropped by 3.69% in the past month, falling short of the Computer and Technology sector's gain of 9.34% and the S&P 500's gain of 5.98%.
The upcoming earnings release of Autodesk will be of great interest to investors. It is anticipated that the company will report an EPS of $2.84, marking a 24.02% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.89 billion, indicating a 16.02% upward movement from the same quarter last year.
ADSK's full-year Zacks Consensus Estimates are calling for earnings of $12.38 per share and revenue of $8.15 billion. These results would represent year-over-year changes of +18.7% and +13.04%, respectively.
Investors might also notice recent changes to analyst estimates for Autodesk. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Autodesk boasts a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Autodesk is holding a Forward P/E ratio of 19.33. This signifies a premium in comparison to the average Forward P/E of 18.83 for its industry.
It's also important to note that ADSK currently trades at a PEG ratio of 1.2. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.09.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Autodesk (ADSK) Beats Stock Market Upswing: What Investors Need to Know
Autodesk (ADSK - Free Report) ended the recent trading session at $243.16, demonstrating a +1.6% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.26%. On the other hand, the Dow registered a gain of 0.24%, and the technology-centric Nasdaq increased by 0.36%.
The design software company's stock has dropped by 3.69% in the past month, falling short of the Computer and Technology sector's gain of 9.34% and the S&P 500's gain of 5.98%.
The upcoming earnings release of Autodesk will be of great interest to investors. It is anticipated that the company will report an EPS of $2.84, marking a 24.02% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.89 billion, indicating a 16.02% upward movement from the same quarter last year.
ADSK's full-year Zacks Consensus Estimates are calling for earnings of $12.38 per share and revenue of $8.15 billion. These results would represent year-over-year changes of +18.7% and +13.04%, respectively.
Investors might also notice recent changes to analyst estimates for Autodesk. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Autodesk boasts a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Autodesk is holding a Forward P/E ratio of 19.33. This signifies a premium in comparison to the average Forward P/E of 18.83 for its industry.
It's also important to note that ADSK currently trades at a PEG ratio of 1.2. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.09.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.