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Gear Up for Autodesk (ADSK) Q1 Earnings: Wall Street Estimates for Key Metrics
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The upcoming report from Autodesk (ADSK - Free Report) is expected to reveal quarterly earnings of $2.84 per share, indicating an increase of 24% compared to the year-ago period. Analysts forecast revenues of $1.89 billion, representing an increase of 16% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
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.
Given this perspective, it's time to examine the average forecasts of specific Autodesk metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Revenue- Subscription' should arrive at $1.78 billion. The estimate indicates a year-over-year change of +16.4%.
Analysts expect 'Net Revenue- Maintenance' to come in at $7.79 million. The estimate suggests a change of -2.7% year over year.
The combined assessment of analysts suggests that 'Net Revenue- Other' will likely reach $100.39 million. The estimate suggests a change of +8% year over year.
Analysts forecast 'Net Revenue- Total subscription and maintenance revenue' to reach $1.79 billion. The estimate points to a change of +16.3% from the year-ago quarter.
Analysts' assessment points toward 'Net Revenue by Product Family- M&E (Media and Entertainment)' reaching $100.04 million. The estimate suggests a change of +31.6% year over year.
The consensus estimate for 'Net Revenue by Product Type- Other' stands at $104.18 million. The estimate points to a change of +12% from the year-ago quarter.
The average prediction of analysts places 'Net Revenue by Product Family- Other' at $39.38 million. The estimate indicates a change of +40.6% from the prior-year quarter.
The consensus among analysts is that 'Net Revenue by Product Family- AECO (Architecture, Engineering, Construction and Operations)' will reach $958.37 million. The estimate indicates a year-over-year change of +18.5%.
According to the collective judgment of analysts, 'Net Revenue by Product Type- Make' should come in at $218.12 million. The estimate indicates a change of +21.9% from the prior-year quarter.
Analysts predict that the 'Net Revenue by Product Type- Design' will reach $1.56 billion. The estimate points to a change of +14.6% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Revenue by Product Family- MFG (Manufacturing)' of $345.00 million. The estimate indicates a change of +11.7% from the prior-year quarter.
It is projected by analysts that the 'Billings' will reach $1.59 billion. Compared to the present estimate, the company reported $1.43 billion in the same quarter last year.
Over the past month, Autodesk shares have recorded returns of +3.5% versus the Zacks S&P 500 composite's +5.5% change. Based on its Zacks Rank #3 (Hold), ADSK will likely exhibit a performance that aligns with 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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Gear Up for Autodesk (ADSK) Q1 Earnings: Wall Street Estimates for Key Metrics
The upcoming report from Autodesk (ADSK - Free Report) is expected to reveal quarterly earnings of $2.84 per share, indicating an increase of 24% compared to the year-ago period. Analysts forecast revenues of $1.89 billion, representing an increase of 16% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
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.
Given this perspective, it's time to examine the average forecasts of specific Autodesk metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Revenue- Subscription' should arrive at $1.78 billion. The estimate indicates a year-over-year change of +16.4%.
Analysts expect 'Net Revenue- Maintenance' to come in at $7.79 million. The estimate suggests a change of -2.7% year over year.
The combined assessment of analysts suggests that 'Net Revenue- Other' will likely reach $100.39 million. The estimate suggests a change of +8% year over year.
Analysts forecast 'Net Revenue- Total subscription and maintenance revenue' to reach $1.79 billion. The estimate points to a change of +16.3% from the year-ago quarter.
Analysts' assessment points toward 'Net Revenue by Product Family- M&E (Media and Entertainment)' reaching $100.04 million. The estimate suggests a change of +31.6% year over year.
The consensus estimate for 'Net Revenue by Product Type- Other' stands at $104.18 million. The estimate points to a change of +12% from the year-ago quarter.
The average prediction of analysts places 'Net Revenue by Product Family- Other' at $39.38 million. The estimate indicates a change of +40.6% from the prior-year quarter.
The consensus among analysts is that 'Net Revenue by Product Family- AECO (Architecture, Engineering, Construction and Operations)' will reach $958.37 million. The estimate indicates a year-over-year change of +18.5%.
According to the collective judgment of analysts, 'Net Revenue by Product Type- Make' should come in at $218.12 million. The estimate indicates a change of +21.9% from the prior-year quarter.
Analysts predict that the 'Net Revenue by Product Type- Design' will reach $1.56 billion. The estimate points to a change of +14.6% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Revenue by Product Family- MFG (Manufacturing)' of $345.00 million. The estimate indicates a change of +11.7% from the prior-year quarter.
It is projected by analysts that the 'Billings' will reach $1.59 billion. Compared to the present estimate, the company reported $1.43 billion in the same quarter last year.
View all Key Company Metrics for Autodesk here>>>Over the past month, Autodesk shares have recorded returns of +3.5% versus the Zacks S&P 500 composite's +5.5% change. Based on its Zacks Rank #3 (Hold), ADSK will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .