Company Performance - Autodesk (ADSK) stock was down 1.56% at $268.09, underperforming the S&P 500's daily gain of 0.41% [1] - Prior to the latest trading session, Autodesk shares had lost 9.59%, lagging behind the Computer and Technology sector's gain of 0.49% and the S&P 500's gain of 0.38% [1] Upcoming Earnings - Autodesk is forecasted to report an EPS of $2.63, reflecting a 14.85% increase from the same quarter last year [2] - The consensus estimate for revenue is $1.91 billion, indicating a 16.52% increase compared to the same quarter of the previous year [2] Full Year Estimates - Analysts expect Autodesk to achieve earnings of $10.21 per share and revenue of $7.16 billion for the full year, marking changes of +20.54% and +16.76% respectively from last year [3] Analyst Estimates - Recent modifications to analyst estimates for Autodesk reflect shifting short-term business dynamics, with positive changes indicating a favorable outlook on business health and profitability [4] Zacks Rank - Autodesk currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [6] - The Zacks Rank system has a strong track record, with 1 stocks delivering an average annual return of +25% since 1988 [6] Valuation Metrics - Autodesk has a Forward P/E ratio of 26.67, which is higher than the industry average of 24.04, suggesting it is trading at a premium [7] - The company has a PEG ratio of 1.57, compared to the Internet - Software industry's average PEG ratio of 1.42 [8] Industry Context - The Internet - Software industry is part of the Computer and Technology sector, which has a Zacks Industry Rank of 78, placing it in the top 32% of over 250 industries [9]

Core Insights - Autodesk announced a layoff of approximately 7% of its workforce, equating to around 1,000 employees, primarily affecting customer-facing sales positions [1] Company Actions - The company is implementing these layoffs as part of a broader strategy to streamline operations and improve efficiency [1] - The decision reflects ongoing challenges in the market and aims to better align resources with business needs [1] Industry Context - The move is indicative of broader trends in the software industry, where companies are adjusting their workforce in response to changing market conditions [1] - Such layoffs may signal a shift in demand for design software and could impact competitive dynamics within the industry [1]

Key Points Figma has built a competitive advantage around collaborative design software. Stock-based compensation is causing continued net losses. It is unclear whether its valuation is at a level that can attract buyers. 10 stocks we like better than Figma › Figma (NYSE: FIG), a maker of design software, has endured a brutal period following its initial public offering (IPO). Since peaking at an intraday high of almost $143 per share in August, the stock has dropped precipitously. Today, at aroun ...

Core Viewpoint - Autodesk (ADSK) reported strong Q3 financials, exceeding market expectations, and raised its full-year revenue guidance to at least $7.15 billion from a previous estimate of $7.075 billion, indicating confidence in operational execution and demand driven by digital transformation and AI [1][3][4]. Financial Performance - Autodesk's stock closed positively on November 26, showing upward momentum as it traded above its 50-day and 100-day moving averages [1]. - Despite a post-earnings rally, Autodesk's stock is only up 2% year-to-date [2]. - The company achieved a 100 basis points year-over-year increase in margin, reflecting operational efficiency [5]. Analyst Ratings and Price Targets - Baird analysts reiterated an "Outperform" rating for Autodesk, raising the price target to $377, suggesting a potential upside of 25% from current levels [4]. - The investment firm noted that Autodesk shares are relatively inexpensive at a sales multiple of about 10x, especially with anticipated benefits from AI [6]. Future Outlook - Wall Street analysts expect a strong year ahead for Autodesk, contrasting with a muted performance in 2025 [7][8]. - Barchart's options data indicates potential upside for ADSK to $337 by the end of Q1 next year [6].

Core Insights - Affirm Holdings reported quarterly earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, and showing a significant improvement from a loss of $0.31 per share a year ago, resulting in an earnings surprise of +109.09% [1] - The company achieved revenues of $933.34 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 5.46% and reflecting a year-over-year increase from $698.48 million [2] - Affirm Holdings has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.25 on revenues of $1.04 billion, while the estimate for the current fiscal year is $0.86 on revenues of $3.99 billion [7] - The stock's immediate price movement will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Industry Context - The Internet - Software industry, to which Affirm Holdings belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Market Overview - The S&P 500 reached a new all-time high, marking its 25th record close for CY25, driven by significant gains in Tesla and Google [2] - The Nasdaq composite increased by 0.9%, while the Dow Jones had a mixed performance, indicating a shift in trader sentiment despite earlier bearish preparations [2] - Australian stocks are following the U.S. trend, with the ASX 200 dipping previously but showing a potential gain of 0.4% today due to positive U.S. market performance [3] Company News - Canva announced it will not list on the ASX to avoid "double the work," while still considering a Nasdaq IPO [4] - CSL (ASX:CSL) is investing $760 million in Dutch biotech VarmX for trials related to a bleeding disorder treatment, with an option to acquire the company [4] - ASX's CEO, Helen Lofthouse, faces accusations of bullying related to compliance warnings from the former head of trading technology [5] Sector Performance - The lithium sector experienced a surge, with notable gains from Pilbara Minerals (up 9%) and Liontown Resources (up 6.3%), although future performance remains uncertain [6] - In commodities, iron ore prices decreased by 0.25% to $105.70 per tonne, while Brent crude is priced at $67.44 per barrel and gold is at $3,683 [7]

Group 1 - Adobe reported fiscal third-quarter results that exceeded analysts' estimates, with revenue increasing by 11% to $5.99 billion compared to $5.41 billion a year earlier [1][5] - Net income rose to $1.77 billion, or $4.18 per share, up from $1.68 billion, or $3.76 per share, a year ago [1] - For the fourth quarter, Adobe expects earnings per share to be between $5.35 and $5.40, slightly above the average analyst estimate of $5.34 [2] Group 2 - Adobe's guidance for fourth-quarter revenue is projected to be between $6.08 billion and $6.13 billion, aligning with analysts' expectations of $6.08 billion [2] - The company anticipates annualized revenue growth of 11.3% in its digital media business for the fiscal year, an increase from the previous forecast of 11% [3] - Digital media revenue for the fourth quarter is expected to be between $4.56 billion and $4.51 billion, surpassing the average estimate of $4.51 billion [3] Group 3 - As of the latest close, Adobe's stock has declined by 21% this year, underperforming compared to tech peers and the broader Nasdaq, which has risen by 14% [3]

Core Insights - Figma shares dropped nearly 20%, reaching the lowest price since its IPO in July, following the company's first earnings report as a public entity [1] - The second quarter results showed a 41% year-over-year revenue increase to $249.6 million, slightly exceeding analyst expectations of $248.8 million [1] Company Performance - Figma's revenue growth of 41% year-over-year indicates strong demand for its design software [1] - The reported revenue of $249.6 million aligns closely with the preliminary results shared over a month prior, suggesting stability in performance [1] Market Reaction - Analysts at Piper Sandler characterized the earnings report as "largely a non-event," despite the significant volatility in Figma's share price following a 250% surge during its trading debut [2]

Financial Performance - Thermon Group reported quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share, and down from $0.38 per share a year ago, representing an earnings surprise of -2.70% [1] - The company posted revenues of $108.9 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 11.84%, compared to year-ago revenues of $115.13 million [2] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.38 on revenues of $123.45 million, and for the current fiscal year, it is $1.85 on revenues of $520.39 million [7] - The estimate revisions trend for Thermon Group was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Market Performance - Thermon Group shares have lost about 1.9% since the beginning of the year, while the S&P 500 has gained 7.9% [3] - The outlook for the industry, specifically the Instruments - Control sector, is currently in the top 12% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]

Core Insights - Figma is set to begin trading on the New York Stock Exchange, marking one of the most anticipated IPOs of 2025 with shares priced at $33 each, above the previously announced range [1][2] - The IPO is significantly oversubscribed, with demand for shares being 40 times the number of shares available for sale, indicating strong investor interest [1] - The final offering raised $1.2 billion, primarily benefiting existing shareholders who are selling approximately twice as many shares as the company itself [2] - The IPO values Figma at $19.3 billion, close to the $20 billion valuation that Adobe would have paid before its acquisition attempt fell through in 2023 due to regulatory pressures [3] Summary by Sections IPO Details - Figma's shares are priced at $33, which is higher than the initial expected range of $30 to $32, and up from a previous range of $25 to $28 [2] - The offering raised a total of $1.2 billion, with a significant portion going to existing shareholders [2] Market Valuation - The IPO price establishes Figma's market valuation at $19.3 billion, which is near the valuation Adobe aimed for in its failed acquisition attempt [3] Demand and Oversubscription - The IPO is reported to be 40 times oversubscribed, reflecting a high level of demand for Figma's shares [1]