Compared to Estimates, Autodesk (ADSK) Q3 Earnings: A Look at Key Metrics

Core Insights - Autodesk reported $1.57 billion in revenue for the quarter ended October 2024, marking an 11% year-over-year increase and a surprise of +0.48% over the Zacks Consensus Estimate of $1.56 billion [1] - The earnings per share (EPS) for the same period was $2.17, compared to $2.07 a year ago, resulting in an EPS surprise of +2.84% against the consensus estimate of $2.11 [1] Financial Performance Metrics - Billings reached $1.54 billion, exceeding the average estimate of $1.47 billion from five analysts [3] - Net Revenue from Maintenance was $9 million, below the average estimate of $10.84 million, reflecting a year-over-year decline of -25% [3] - Net Revenue from Other sources was $104 million, surpassing the average estimate of $99.19 million, with an 18.2% year-over-year increase [3] - Net Revenue from Subscription services was $1.46 billion, slightly above the average estimate of $1.45 billion, showing a +10.9% change year-over-year [3] - Total Subscription and Maintenance Revenue was $1.47 billion, compared to the average estimate of $1.46 billion, indicating a +10.6% year-over-year increase [3] - Net Revenue by product family in Media and Entertainment (M&E) was $83 million, exceeding the average estimate of $76.78 million, with a +13.7% year-over-year change [3] - Net Revenue from Other product family was $31 million, above the average estimate of $27.03 million, reflecting a +24% year-over-year increase [3] - Net Revenue from Architecture, Engineering and Construction (AEC) was $751 million, slightly below the average estimate of $777.31 million, with an +11.3% year-over-year change [3] - Net Revenue from Manufacturing (MFG) was $307 million, surpassing the average estimate of $285.10 million, indicating a +14.1% year-over-year increase [3] - Net Revenue from AutoCAD and AutoCAD LT was $398 million, slightly above the average estimate of $397.89 million, with a +7% year-over-year change [3] Stock Performance - Autodesk shares have returned +11.5% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]