Autodesk (ADSK) stock closed comfortably in the green on Nov. 26 after the software giant posted market-beating financials for its Q3 and raised its guidance for the full year. On Wednesday, ADSK was seen trading briefly well past two of its major moving averages (50-day and 100-day) – signaling continued upward momentum ahead. More News from Barchart Despite the post-earnings rally, Autodesk stock is up only 2% versus the start of this year. How to Play Autodesk Stock After Its Q3 Earnings While ADS ...

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]

Company Overview - Figma priced its IPO at $33 per share, above the expected range, raising $1.2 billion, primarily benefiting existing stockholders [1][3] - The IPO values Figma at $19.3 billion, following a failed acquisition by Adobe for $20 billion in 2023 [3] Financial Performance - For the quarter ended June, Figma's revenue increased to between $247 million and $250 million, a 40% growth compared to $177.2 million a year earlier [4] - The expected operating profit for the quarter ranges from a loss of up to $500,000 to a profit of $2.5 million, contrasting with a loss of $894.3 million the previous year [4] - In the March quarter, revenue rose 46% to $228.2 million, and net income tripled to $44.9 million [5] Market Context - Figma is entering a public market that has seen a gradual reopening for tech IPOs, with other companies like Circle and CoreWeave performing well since their debuts [2] - Major investors, including Index Ventures and Greylock, are selling portions of their stakes in the IPO [5][6]

IPO Overview - Figma 预计首次公开募股估值约为 200 亿美元，是 2021 年以来最大的企业软件交易 [1] - 尽管 Figma 的基础业务表现出色，但行业对其估值过高持谨慎态度 [2] Business and Product - Figma 的设计软件应用广泛，被用于 Google Maps、Uber、Netflix 和 LinkedIn 等产品设计 [3] - Figma 拥有财富 500 强企业 95% 的客户 [4] - Figma 提供一整套软件，方便客户设计应用程序和网站，Adobe 曾试图收购该公司 [4] Financial Performance - Figma 去年收入增长 48%，今年第一季度降至 46%，第二季度在 39%-41% 之间 [5] - Figma 拥有超过 10500 个客户，年度经常性收入超过 1 万美元 [5] - Figma 拥有 963 个客户，年度经常性收入超过 10 万美元 [5] - 客户数量和年度经常性收入均同比增长 [5]

Company Performance - Autodesk (ADSK) stock closed at $299.43, reflecting a +1.45% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.06% [1] - Over the past month, Autodesk shares have depreciated by 1.92%, underperforming the Computer and Technology sector's gain of 9.6% and the S&P 500's gain of 5.88% [1] Upcoming Financial Results - Autodesk is expected to report EPS of $2.44, which represents a 13.49% increase from the prior-year quarter [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $1.73 billion, up 14.65% from the year-ago period [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of $9.64 per share and revenue of $6.97 billion, indicating changes of +13.81% and +13.67%, respectively, compared to the previous year [3] - Recent revisions to analyst forecasts for Autodesk are important as they reflect evolving short-term business trends, with positive revisions indicating analyst optimism [3] Valuation Metrics - Autodesk has a Forward P/E ratio of 30.62, which is a premium compared to the industry average Forward P/E of 29.18 [6] - The company has a PEG ratio of 1.94, compared to the Internet - Software industry's average PEG ratio of 2.18 [6] Industry Context - The Internet - Software industry is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 77, placing it in the top 32% of all 250+ industries [7] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]