Company Performance - Autodesk's stock closed down 1.9% at $288.96, underperforming the S&P 500 which lost 0.4% [1] - Prior to the recent trading session, Autodesk shares had declined 1.59%, lagging behind the Computer and Technology sector's gain of 6.34% and the S&P 500's gain of 4.97% [1] Upcoming Earnings - Autodesk's upcoming EPS is projected at $2.44, indicating a 13.49% increase year-over-year [2] - Revenue is anticipated to be $1.73 billion, reflecting a 14.65% increase compared to the same quarter last year [2] Full Year Estimates - For the full year, earnings are projected at $9.64 per share and revenue at $6.97 billion, showing increases of 13.81% and 13.67% respectively from the previous year [3] - Recent changes to analyst estimates suggest a positive outlook for Autodesk's business trends [3] Zacks Rank and Valuation - Autodesk currently holds a Zacks Rank of 3 (Hold), with a recent upward shift of 0.12% in the EPS estimate [5] - The Forward P/E ratio for Autodesk is 30.56, which is higher than the industry average of 28.28 [6] - Autodesk's PEG ratio stands at 1.94, compared to the industry average PEG ratio of 2.18 [6] Industry Context - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 64, placing it in the top 26% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Autodesk (ADSK) Falls More Steeply Than Broader Market: What Investors Need to Know