Autodesk falls after the 3D architecture imaging company reported second-quarter results and reduced its outlook for free cash flow. Shares of Autodesk were lower on Thursday after the 3D architecture imaging company reported second-quarter results and reduced its outlook for free cash flow.
How much is Autodesk stock worth?
1 day ago · Shares of CAD software developer AutoDesk (ADSK) have been sinking lower in recent sessions. Now down over 43% from its 2021 peak of around $344 per share, dip buyers have a tough decision to make ...
What is the upside potential of Autodesk stock?
Aug 26, 2021 · Shares of software giant Autodesk ( ADSK -4.01% ) fell as much as 10% in trading on Thursday after the company reported worse-than-expected financial results. Shares have stayed near their lows ...
Should you buy Autodesk (adsk) stock after its recent slip?
Nov 24, 2021 · And earnings-wise, Autodesk's forecast of non-GAAP profits ranging from $4.98 per share to $5.04 per share implies the company has a good chance of beating the $4.99 that Wall Street is looking ...
Is Autodesk still a buy on rising rates?
Mar 25, 2022 · Autodesk's stock was trading at $154.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ADSK stock has increased by 26.8% and is now trading at $195.84. View which stocks have been most impacted by COVID-19.
Is Autodesk a good long term stock?
Today Autodesk represents one of the best hyper-growth Ultra SWANs that you can buy. It's about 10% undervalued and analysts expect 30% long-term growth. ADSK could deliver 24% annual returns, nearly tripling your money in the next five years.Feb 11, 2022
Will Autodesk stock go up?
Stock Price Forecast The 19 analysts offering 12-month price forecasts for Autodesk Inc have a median target of 280.00, with a high estimate of 440.00 and a low estimate of 210.00. The median estimate represents a +38.27% increase from the last price of 202.50.
Is Autodesk a buy Zacks?
The Zacks database contains over 10,000 stocks. All of those stocks are classified into three groups: Sector, M Industry and X Industry....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
What is Autodesk revenue?
3.79 billion USD (2021)Autodesk / Revenue
Should I sell Autodesk?
19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Autodesk stock.
What is Autodesk used for?
Autodesk is a global leader in design and make technology. With expertise across architecture, engineering, construction, design, manufacturing, and entertainment, we help innovators everywhere solve today's pressing challenges.
Is Paypal a buy Zacks?
The Zacks database contains over 10,000 stocks. All of those stocks are classified into three groups: Sector, M Industry and X Industry....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
How many customers does Autodesk have?
Fiscal 2020 Financial Highlights Recurring revenue increased to 96 percent, compared to 95 percent in fiscal 2019. Total subscriptions increased 539,000 from fiscal 2019 to 4.87 million at the end of fiscal 2020.Feb 27, 2020
How much did Autodesk make last year?
$4.39 billionFiscal 2022 Financial Highlights Total billings increased 16 percent to $4.82 billion. Total revenue was $4.39 billion, an increase of 16 percent as reported, and 14 percent on a constant currency basis. Recurring revenue represents 96 percent of total.Feb 24, 2022
Who is the CEO of Autodesk?
Andrew Anagnost (Jun 19, 2017–)Autodesk / CEOAndrew Anagnost is the President and CEO of Autodesk, having been appointed to the positions in 2017. He took over the positions from Carl Bass, who resigned in February 2017. Before the promotion, he had served in various other roles for the company since joining in 1997. Wikipedia
Is Autodesk a buy right now?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last twelve months. There are currently 1 sell rating, 2...
How has Autodesk's stock been impacted by Coronavirus (COVID-19)?
Autodesk's stock was trading at $154.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organ...
Are investors shorting Autodesk?
Autodesk saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 2,880,000 shares, a drop of...
When is Autodesk's next earnings date?
Autodesk is scheduled to release its next quarterly earnings announcement on Thursday, May 26th 2022. View our earnings forecast for Autodesk .
How were Autodesk's earnings last quarter?
Autodesk, Inc. (NASDAQ:ADSK) announced its quarterly earnings results on Thursday, February, 24th. The software company reported $0.98 earnings per...
What guidance has Autodesk issued on next quarter's earnings?
Autodesk updated its first quarter 2023 earnings guidance on Thursday, March, 17th. The company provided earnings per share (EPS) guidance of $1.30...
What price target have analysts set for ADSK?
19 brokerages have issued 12 month price objectives for Autodesk's shares. Their forecasts range from $220.00 to $440.00. On average, they expect A...
Who are Autodesk's key executives?
Autodesk's management team includes the following people: Andrew Anagnost , President, Chief Executive Officer & Director ( LinkedIn Profile ) D...
What is Andrew Anagnost's approval rating as Autodesk's CEO?
587 employees have rated Autodesk CEO Andrew Anagnost on Glassdoor.com . Andrew Anagnost has an approval rating of 95% among Autodesk's employees....
Earnings were good, but guidance is sinking this software giant today
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
What happened
Shares of software giant Autodesk ( NASDAQ:ADSK) fell as much as 10% in trading on Thursday after the company reported worse-than-expected financial results. Shares have stayed near their lows most of the day and are down 8.3% at 1:15 p.m. EDT.
So what
Second-quarter revenue was up 16% from a year ago to $1.06 billion, meeting analyst estimates, and net income was up 18% to $115.6 million, or $1.21 per share on an adjusted basis, above the $1.13 per share estimate. So, why is the stock down?
Now what
Investors often use estimates to gauge the future earnings growth of a company, and in this case they had priced in more growth that Autodesk is expecting to deliver next quarter.
What happened
Shares of computer aided design (CAD) software-maker Autodesk ( ADSK 0.81% ) imploded Wednesday, falling 15.4% through 10:35 a.m. ET despite beating expectations in its fiscal third-quarter 2022 earnings report released last night.
So what
"Driven by strong new subscriptions growth and renewal rates," said Autodesk, sales for the quarter surged 18% in comparison to fiscal Q3 2021. Operating profit margins declined by one full percentage point, to 17%, hampering profits growth. Still, the company was able to grow its non-GAAP income 28% to the aforementioned $1.33.
NASDAQ: ADSK
That's the good news. The bad news is that, when calculated according to generally accepted accounting principles ( GAAP ), earnings grew a bare 3%, to $0.61 per share. Moreover, free cash flow during the quarter diminished by more than 24%, falling to just $257 million.
Now what
What really seems to be driving the stock down this morning, however, isn't the mediocre earnings news, but Autodesk's new guidance, which seems to have underwhelmed investors. For the fiscal fourth quarter, Autodesk now projects sales will not exceed analyst forecasts for $1.2 billion, and may fall below that.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
About Autodesk
Autodesk, Inc. engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, and 3ds Max.
Autodesk (NASDAQ:ADSK) Frequently Asked Questions
14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last twelve months. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Autodesk stock. View analyst ratings for Autodesk or view top-rated stocks.
About ADSK
Autodesk, Inc. provides 3D design, engineering, and entertainment software and services worldwide.
Analyst Forecast
According to 22 analysts, the average rating for Autodesk stock is "Buy." The 12-month stock price forecast is 326.00, which is an increase of 43.53% from the latest price.
News
Autodesk (ADSK) closed at $241.10 in the latest trading session, marking a +0.26% move from the prior day.
