- Autodesk has increased its fiscal year adjusted EPS forecast to $7.99-$8.21, up from $7.89-$8.11, with estimates at $8.04.
- The company maintains its revenue forecast between $5.99 billion and $6.09 billion, in line with the $6.04 billion estimate.
- Billings are still expected to range from $5.81 billion to $5.96 billion, with the estimate being $5.82 billion.
- The adjusted operating margin forecast remains unchanged at 35%-36%, compared to the 35.4% estimate.
- Free cash flow remains forecasted at $1.43 billion to $1.50 billion, against the estimate of $1.47 billion.
- For the second quarter, the adjusted EPS is forecasted at $1.98 to $2.04, which is in line with the $1.98 estimate.
- Revenue for the second quarter is expected to be between $1.48 billion and $1.49 billion, matching the $1.48 billion estimate.
- The preliminary first-quarter results show an adjusted EPS of approximately $1.87.
- The Audit Committee Investigation has concluded, and there will be no restatement of financial results.
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Autodesk Inc on Smartkarma
Analysts at Smartkarma have been closely covering Autodesk Inc, a leading company in the technology and software industry. Baptista Research‘s report, “Implementation of The New Transactional Model A Potential Game Changer? – Key Drivers,” highlights Autodesk’s strong performance in the fourth quarter of fiscal 2024, with a 14% constant currency revenue growth. The report emphasizes the company’s resilience demonstrated through its subscription business model, product diversification, and robust customer base across various regions and industries.
In another bullish report by Value Investors Club on “Autodesk Inc (ADSK) – Thursday, Nov 30, 2023,” it is noted that Autodesk has faced negative sentiment in the past year but is well-positioned for long-term earnings growth. A comparison with competitor Procore in the construction industry suggests a positive outlook for Autodesk’s stock price appreciation in the future. Despite challenges, analysts see potential for Autodesk to thrive in the evolving market dynamics.
A look at Autodesk Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Autodesk Inc, a provider of PC software and multimedia tools, has been given an overall positive outlook based on the Smartkarma Smart Scores. With a Value score of 2, the company is seen as moderately priced in the market. Although receiving a low Dividend score of 1, Autodesk shines in Growth, Resilience, and Momentum, scoring 3 across the board in these categories. This signifies a favorable long-term prospect for the company, particularly in terms of its potential growth, ability to navigate challenges, and current market momentum.
Specializing in two-dimensional and three-dimensional products used in various industries and home applications, Autodesk’s solid scores in Growth, Resilience, and Momentum indicate a promising future trajectory. Despite the lower Value and Dividend scores, investors may find Autodesk Inc to be a compelling choice for those looking to capitalize on a company with strong growth potential, operational resilience, and positive market momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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